The House Agriculture Committee has approved legislation reauthorizing the Commodity Futures Trading Commission. National Grain and Feed Association Vice President of Marketing Todd Kemp says it’s an effective measure that contains improvements for the CFTC and provides more certainty going forward for everyone in the marketplace.
He says there are several components to the legislation that provide resiliency to the markets.
Kemp says he’s encouraged the CFTC reauthorization measure was put together with a bipartisan effort, something that’s rarely seen in Congress lately.
Kemp says the bill also combats fraud and promotes cooperation among the regulators. He says they’re hoping for passage in the full House and Senate.
