Rep. Angie Craig Moves Commodities Future Trading Commission Reauthorization Out of Committee
This week, U.S. Rep. Angie Craig helped pass the bipartisan reauthorization of the Commodities Future Trading Commission (CFTC) out of the House Agriculture Committee. The CFTC is an independent agency that regulates U.S. derivatives markets, including those that trade in agricultural commodities.
This marks the first full reauthorization of the CFTC since 2008. Agricultural commodities trading significantly impacts the price at which farmers can sell their products, and a bipartisan reauthorization is critical to providing the oversight that the CFTC requires to effectively do its job.
“I’m proud to be a part of this truly bipartisan effort to protect the integrity of our financial system,” said Rep. Craig. “We can all agree that all of our communities are stronger when we come together to provide the oversight and common-sense regulatory support that helps businesses run smoothly.”
The CFTC Reauthorization includes a number of bipartisan provisions that strengthen good governance and oversight of financial markets, including Rep. Craig’s bill to ensure that church retirement and healthcare plans are not regulated the same way for-profit corporations are - allowing churches to provide their employees with the healthcare they need and the retirement savings they have earned.