Skip to main content

What We Do

August 6, 2013

July 24, 2013 – House Agriculture Committee General Farm Commodities and Risk Management Subcommittee hearing entitled "The Future of the CFTC End-User Perspective."

This hearing, the third in a series of CFTC reauthorization hearings, focused on the views of the derivative end-users. Chairman Conaway set the hearing’s tone in his opening remarks by saying that the CFTC continues to overreach in the implementation of the Dodd/Frank Act and that this would ultimately lead to higher prices for consumers.  Ranking Member Scott added a new dimension to the hearing by suggesting the reauthorization should include a provision to prevent Wall Street entities from ownership participation in commodity related holdings.

The six witness represented derivative end user. Their testimony asked that the the reauthorization bill directly amend or repeal parts of the new Dodd/Frank regulations that, to the most part, had just been put in place. Members of the Committee were sympathetic to the expressed concerns giving cause for many to believe a reauthorization debate would  be little more than the re-legislating of the Dodd/Frank law.

Congressional Activities
Share

Donate Today!

Contact Us

For media inquiries, please contact [email protected] or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact [email protected] or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today