Creates a Chief Economist office at the CFTC to improve market analysis.
This bill would create a new Office of the Chief Economist within the Commodity Futures Trading Commission (CFTC). This office would provide expert economic advice and conduct detailed analyses, including looking at market liquidity, for the CFTC's decisions. This means the government would watch futures, swaps, and commodities markets using more complete and detailed financial information.
Today, the Commodity Futures Trading Commission (CFTC) does not have a formal Office of the Chief Economist. Its economic analyses for new rules primarily focus on "futures markets" without explicitly considering "market liquidity." The Commission is also not required to coordinate with a Chief Economist's office before making decisions. If this bill becomes law, the CFTC would create a dedicated Office of the Chief Economist. This office would provide expert advice and conduct broader economic analysis, including market liquidity, across all markets it oversees. The CFTC would also be required to coordinate with this new office before issuing any orders or making determinations.
HR 7488 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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