"The Customer Protection and End-User Relief Act ensures that the federal agency tasked with regulating the multi-trillion dollar derivatives market is working in the most efficient and effective way. It cements into law key protections for futures customers and mitigates the regulatory load on America's job creators."
- Chairman Frank D. Lucas
*Customer Protection and End-User Relief Act of 2014*
To reauthorize the Commodity Futures Trading Commission, and ensure robust markets, customer protections, and a balanced approach to regulations impacting job creators.
Text as posted on the Rules Committee website:
As passed by Committee:
Section by Section (June 16, 2014)
Bill Summary (June 16, 2014)
Chairman Lucas kicked off a series of hearings in advance of writing legislation to reauthorize the Commodity Futures Trading Commission. The agency's statutory authorization expired September 30, 2013.
Dodd-Frank Act Implementation Oversight
Title III of the Customer Protection and End-User Relief Act was developed in response to the CFTC's implementation of the Dodd-Frank Act. Many of the CFTC's new rules have negatively impacted end-users, such as farmers, ranchers, manufacturers, and utilities, by making it more difficult and costly to manage risks associated with their businesses. Since the enactment of the Dodd-Frank Act, the House Agriculture Committee has been working to ensure that the regulations are balanced and due not cause harm to America's job creators.