HR 1003 · 113th Congress · Finance and Financial Sector

To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.

Introduced 2013-03-06· Sponsored by Rep. Conaway, K. Michael [R-TX-11]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Ordered to be Reported by Voice Vote.(2013-03-20)

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 Office

H.R. 1003, a bill to improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders

Apr 3, 2013

As ordered reported by the House Committee on Agriculture on March 20, 2013

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (6)

2 Democrats4 Republicans