Soy Growers Urge House to Pass CFTC Reauthorization

first_imgThe American Soybean Association (ASA) and other agriculture groups this week urged the House to pass legislation reauthorizing the Commodity Futures Trading Commission (CFTC). The CFTC has been operating without authorizing legislation since Sept. 30, 2013. The House is considering H.R. 238, the “Commodity End-User Relief Act,” this week.Among other benefits, the Commodity End-User Relief Act would provide a permanent solution to the residual interest problem that would have put more customer funds at risk – and potentially driven farmers, ranchers and small hedgers out of futures markets – by forcing pre-margining of their hedge accounts. It would also requires the Commodity Futures Trading Commission (CFTC) to conduct a study and issue a rule before reducing the de minimis threshold for swap dealer registration in order to make sure that doing so would not harm market liquidity and end-user access to markets.Click here to read the entire letter.last_img

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