This bill establishes a new Office of the Chief Economist within the Commodity Futures Trading Commission (CFTC), a federal agency that regulates futures and derivatives markets. The Chief Economist will serve as the CFTC's primary economic advisor and conduct economic analysis, regulatory cost-benefit studies, and market research to inform the agency's policymaking. The bill allows the CFTC to hire specialized staff—including economists, research analysts, data specialists, and experts in commodities and financial markets—through streamlined hiring procedures that bypass standard competitive service requirements while still maintaining the positions' official classification. The legislation also requires the CFTC's existing regulatory functions to coordinate with the new office and expands the agency's mandate to consider market liquidity in its regulatory decisions. No specific funding amounts or implementation deadlines are specified in the legislation.
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