CFTC Cost-Benefit Analysis Improvement Act
Latest action · Nov 15, 2019 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedOct 29, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Agriculture Committee | Referred Oct 29, 2019 |
| Commodity Markets, Digital Assets, and Rural Development Subcommittee | Referred Nov 15, 2019 |
Actions 3
Everything that happened, newest first.
- Nov 15, 2019Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
- Oct 29, 2019Introduced in House
- Oct 29, 2019Referred to the House Committee on Agriculture.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 171, October 29, 2019, page H8595.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 116-2 | PREVENTING GUN VIOLENCE:. A CALL TO ACTION359 pages | Judiciary Committee | Feb 6, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To expand the scope of the matters required to be evaluated by the Commodity Futures Trading Commission in considering the costs and benefits of its proposed regulations and orders, and for other purposes.
- Short Title(s) as Introduced
- CFTC Cost-Benefit Analysis Improvement Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Oct 29, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
