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H.R. 238: Commodity End-User Relief Act

This was a vote to pass H.R. 238 in the House.

H.R. 238 authorizes appropriations to operate the Commodity Futures Trading Commission (CFTC) through 2021 and make changes in some of the agency’s operating procedures. The bill also would amend the Commodity Exchange Act (CEA) to provide greater protections for customer funds held by entities that broker transactions in commodity futures and make important changes to the CEA to reduce regulatory burdens on end-users who use futures and swaps transactions to efficiently manage business risks.

Title I is designed to better protect farmers and ranchers and other end-users who use futures markets by providing for new customer protection provisions.

Title II reforms the Commission’s rule-making process and makes certain reforms to enhance oversight and accountability within the Commission.

Title III provides relief for end-users who have faced burdensome and unintended costs utilizing derivatives since the implementation of the Dodd-Frank Act. End-users are typically not commodity investors or speculators, and played little or no part in the 2008 financial crisis. Major economic sectors with end-users who utilize derivatives include: agricultural producers and processors, commodity producers and manufacturers, and utility and energy companies.

Source: Republican Policy Committee


Congress
115th Congress
Date
Jan 12, 2017
Chamber
House
Number
#54
Question:
On Passage of the Bill in the House
Result:
Passed

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Key: R Yea D Yea R Nay D Nay
Seat position based on our ideology score.
This is a cartogram. Each hexagon represents one congressional district.
Totals     Republican     Democrat
  Yea 239
 
 
55%
232 7
  Nay 182
 
 
42%
1 181
Not Voting 13
 
 
3%
7 6
Required: Simple Majority source: house.gov

Vote Details

Notes: The Speaker’s Vote? “Aye” or “Yea”?
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Statistically Notable Votes

Statistically notable votes are the votes that are most surprising, or least predictable, given how other members of each voter’s party voted and other factors.

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