US Congress House Bill 1840 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 8-3)
Status: Introduced on May 11 2011 - 25% progression, died in chamber
Action: 2012-05-16 - Placed on the Union Calendar, Calendar No. 337.
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. Leonard Boswell [D-IA]	Rep. Scott Garrett [R-NJ]	Rep. Christopher Gibson [R-NY]
Rep. Jack Kingston [R-GA]	Rep. Patrick McHenry [R-NC]	Rep. Randy Neugebauer [R-TX]	Rep. William Owens [D-NY]
Rep. Mike Quigley [D-IL]	Rep. Reid Ribble [R-WI]	Rep. Steve Stivers [R-OH]

Date	Chamber	Action
2012-05-16	House	Placed on the Union Calendar, Calendar No. 337.
2012-05-16	House	Reported by the Committee on Agriculture. H. Rept. 112-482.
2012-01-25	House	Ordered to be Reported by Voice Vote.
2012-01-25	House	Subcommittee on General Farm Commodities and Risk Management Discharged.
2012-01-25	House	Committee Consideration and Mark-up Session Held.
2011-06-08	House	Referred to the Subcommittee on General Farm Commodities and Risk Management.
2011-05-11	House	Referred to the House Committee on Agriculture.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1840/all-info
Text	https://www.congress.gov/112/bills/hr1840/BILLS-112hr1840ih.pdf
Text	https://www.congress.gov/112/bills/hr1840/BILLS-112hr1840rh.pdf