House Agriculture Committee Chairman Collin Peterson (D-MN) has released discussion draft legislation that seeks to reform the $580 trillion over-the-counter (OTC) derivatives market. It mirrors the draft proposal of the House Financial Services Committee in some respects but departs from it in others.
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House Measure Would Bolster CFTC Power, Market Transparency
Rep. Collin Peterson (D-MN), chairman of the House Agriculture Committee, has unveiled draft legislation that would expand the authority of the Commodity Futures Trading Commission (CFTC) and increase the transparency and oversight of all commodity futures markets.
House Measure Would Bolster CFTC Power, Market Transparency
Rep. Collin Peterson (D-MN), chairman of the House Agriculture Committee, has unveiled draft legislation that would expand the authority of the Commodity Futures Trading Commission (CFTC) and increase the transparency and oversight of all commodity futures markets.
House Urged to Proceed with Caution to Constrain Speculation
House Agriculture Committee Chairman Collin Peterson (D-MN) urged caution last week as a number of Democratic lawmakers appeared before his committee seeking swift congressional action to eliminate what they believe is excessive speculation in the energy commodity markets.
House Ag Chair Says Legislative Market Fixes May Cause More Volatility
House Agriculture Committee Chairman Collin Peterson (D-MN) urged caution Wednesday as a number of Democratic lawmakers appeared before his committee urging swift congressional action to eliminate what they believe is excessive speculation in the energy commodity markets.