H.R. 1840 (112th): To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.

Introduced:
May 11, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Michael Conaway [R-TX11]
Status:
Died (Reported by Committee)
See Instead:
This bill was re-introduced as H.R. 1003 on Mar 06, 2013. See H.R. 1003 for current action on this subject.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on January 25, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 11, 2011
Referred to Committee May 11, 2011
Reported by Committee Jan 25, 2012
Cosponsors
10 cosponsors (7R, 3D) (show)
Committees

House Agriculture

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated May 16, 2012.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/16/2012--Reported to House without amendment.
(This measure has not been amended since it was introduced.
The summary of that version is repeated here.) 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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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