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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2013-03-20 | Committee | Ordered to be Reported by Voice Vote. | House committee actions |
| 2013-03-20 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2013-03-14 | Committee | Committee Hearings Held. | House committee actions |
| 2013-03-06 | IntroReferral | Referred to the House Committee on Agriculture. | House floor actions |
| 2013-03-06 | IntroReferral | Introduced in House | Library of Congress |