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

Summary

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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 March 2013

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• Introduced in House (PDF)

  Introduced in House · EN · 6 March 2013

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• Introduced in House

  summary · EN · 6 March 2013

  Open at official source

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