Press Releases

Subcommittee Continues Hearing Series in Advance of CFTC Reauthorization

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Washington, DC, March 25, 2015 | comments

Washington, D.C. - Today, the House Agriculture Committee continued its series of hearings in advance of writing legislation to reauthorize the Commodity Futures Trading Commission (CFTC), which lapsed in September 2013. Members of the Subcommittee on Commodity Exchanges, Energy, and Credit Subcommittee, chaired by Rep. Austin Scott (R-GA), held a public hearing to examine the reauthorization of the CFTC from the perspective of market participants. The subcommittee heard from a panel of end-users yesterday.

“This week’s hearings are an important first step towards gaining a full understanding of the new regulatory challenges facing derivatives market participants,” said Chairman Austin Scott. “After hearing from representatives of the futures and swaps industries, we know there is still work to be done as these financial intermediaries and institutions adjust to new and changing rules. Derivatives markets exist for those who have risks to hedge.  I look forward to a bipartisan solution that strikes a balance between market integrity and market access.”

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