H.R. 1003: To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.

Introduced:
Mar 06, 2013
Status:
Reported by Committee
Prognosis
3% chance of being enacted
Track this bill
Sponsor
Michael Conaway
Representative for Texas's 11th congressional district
Party
Republican
Text
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Last Updated
Mar 06, 2013
Length
3 pages
Related Bills
H.R. 1840 (112th) was a previous version of this bill.

Reported by Committee
Last Action: Jan 25, 2012

 
Status

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on March 20, 2013.

Progress
Introduced Mar 06, 2013
Referred to Committee Mar 06, 2013
Reported by Committee Mar 20, 2013
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

3% chance of being enacted.

Only about 23% of bills that made it past committee in 2011–2013 were enacted. [show factors | methodology]

 
Summary

No summaries available.

Cosponsors
6 cosponsors (4R, 2D) (show)
Committees

House Agriculture

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


3/6/2013--Introduced.
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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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