HR 1840 · 112th Congress · Finance and Financial Sector
To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 337.(2012-05-16)
Plain Language Summary
[AI summary unavailable — showing source text]
Amends the Commodity Exchange Act to revise the requirement that the Commodity Futures Trading Commission (CFTC), before promulgating a regulation or issuing an order, consider the costs and benefits of the action. Requires the CFTC, through the Office of the Chief Economist, to: (1) assess the costs and benefits, both qualitative and quantitative, of an intended regulation; and (2) propose or adopt a regulation only on a reasoned determination that the benefits justify the costs. Lists additional mandatory considerations for the CFTC to evaluate in making a reasoned determination of the costs and the benefits, including the impact on market liquidity in the futures and swaps markets, as well as alternatives to direct regulation.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 1840, a bill to improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders
Apr 9, 2012As ordered reported by the House Committee on Agriculture on January 25, 2012
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (10)
3 Democrats7 Republicans