HR 4909 · 116th Congress · Finance and Financial Sector

CFTC Cost-Benefit Analysis Improvement Act

Introduced 2019-10-29· Sponsored by Rep. Johnson, Dusty [R-SD-At Large]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.(2019-11-15)

Plain Language Summary

[AI summary unavailable — showing source text] CFTC Cost-Benefit Analysis Improvement Act This bill generally revises the cost-benefit analysis requirements for the Commodity Futures Trading Commission (CFTC). It establishes in the CFTC the Office of the Chief Economist. The office must perform the cost-benefit analyses of proposed CFTC regulations and orders. Additionally, such cost-benefit analyses must consider, among other things, the impact of market liquidity on relevant markets, available alternatives to direct regulation, and the cost of compliance for all regulated entities. A court must affirm such cost-benefit analyses, unless it finds an abuse of discretion.…

Summarized by Claude AI · Non-partisan · For informational purposes only