The U.S. House is expected to debate, and possibly vote, on a measure that would roll back some Dodd Frank regulations through the re-authorization of the Commodity Futures Trading Commission. Some of the provisions in the bill call for limiting capital requirements for non-bank swap dealers and requires the CFTC to create a judicial review process. South Dakota Farmers Union President Doug Sombke has concerns with the proposed measure.

House Ag Committee Chairman, Mike Conaway says the bill will make targeted reforms that address concerns of market participants who are struggling to comply with rules. Sombke disagrees with that and says past history proves his point.

This legislation mirrors one that passed the House last year. It requires CFTC to analyze the costs and benefits of all new rules and exempts those that manage their own money from having to maintain records of all forms of communication that leads to trade.