US Congress House Bill 4909 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on October 29 2019 - 25% progression, died in committee
Action: 2019-11-15 - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Pending: House Commodity Exchanges, Energy, and Credit Committee
Text: Latest bill text (Introduced) [PDF]

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.

CFTC Cost-Benefit Analysis Improvement Act

Rep. Dusty Johnson [R-SD]

Date	Chamber	Action
2019-11-15	House	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2019-10-29	House	Referred to the House Committee on Agriculture.
2019-10-29	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/4909/all-info
Text	https://www.congress.gov/116/bills/hr4909/BILLS-116hr4909ih.pdf