"This bill codifies new practices instituted by the CFTC and other market regulators to protect customer margin, it includes a strong cost-benefit analysis measure to produce better rules, and it provides relief for end-users from burdensome requirements currently in place. The derivatives market exists to help businesses manage their risk, and this bill will bring positive reforms to help these markets run efficiently and effectively for market participants, financial intermediaries, and end-users alike."
- Chairman K. Michael Conaway
*Commodity End-User Relief Act*
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:
Chairman Conaway kicked off a series of hearings in advance of writing legislation to reauthorize the Commodity Futures Trading Commission. The agency's statutory authorization expires September 30, 2013.