H.R.1840 - To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.112th Congress (2011-2012)
|Sponsor:||Rep. Conaway, K. Michael [R-TX-11] (Introduced 05/11/2011)|
|Committees:||House - Agriculture|
|Committee Reports:||H. Rept. 112-482|
|Latest Action:||05/16/2012 Placed on the Union Calendar, Calendar No. 337. (All Actions)|
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Summary: H.R.1840 — 112th Congress (2011-2012)All Information (Except Text)
Reported to House without amendment (05/16/2012)
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
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.