H.R. 4909 · 116th Congress
CFTC Cost-Benefit Analysis Improvement Act
- Stage
- In committee
- Sponsor
- Dusty Johnson
- Introduced
- 2019-10-29
- Latest action
- 2019-11-15 · Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Summary
CFTC Cost-Benefit Analysis Improvement Act
This bill 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.