US Congress House Bill 1003 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Introduced on March 6 2013 - 25% progression, died in chamber
Action: 2013-03-20 - Ordered to be Reported by Voice Vote.
Text: Latest bill text (Introduced) [PDF]

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.

To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.

Rep. Michael Conaway [R-TX]	Rep. Scott Garrett [R-NJ]	Rep. Jim Jordan [R-OH]	Rep. Patrick McHenry [R-NC]
Rep. Reid Ribble [R-WI]	Rep. David Scott [D-GA]	Rep. Juan Vargas [D-CA]

Date	Chamber	Action
2013-03-20	House	Ordered to be Reported by Voice Vote.
2013-03-20	House	Committee Consideration and Mark-up Session Held.
2013-03-14	House	Committee Hearings Held.
2013-03-06	House	Referred to the House Committee on Agriculture.

SB2330 (Related) 2014-05-13 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S2955-2957)

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/1003/all-info
Text	https://www.congress.gov/113/bills/hr1003/BILLS-113hr1003ih.pdf