Bill > HR7488

This bill, titled the "CFTC Office of the Chief Economist Act of 2026," establishes a new Office of the Chief Economist within the Commodity Futures Trading Commission (CFTC), the government agency responsible for regulating the U.S. derivatives markets, which include futures and options. This office will be led by a Chief Economist who will serve as an economic advisor to the CFTC, conducting crucial functions like economic analysis, cost-benefit analysis of regulations, and research to inform the Commission's decisions. The bill also outlines provisions for appointing professional staff to this office, allowing for flexibility in hiring individuals with specialized knowledge in economics, data analysis, and the complex markets regulated by the CFTC, while ensuring these positions remain within the competitive service. Additionally, conforming amendments are made to other sections of the Commodity Exchange Act, requiring the CFTC to coordinate with the new Office of the Chief Economist on certain matters and expanding the scope of considerations for market liquidity and other factors in regulatory analysis.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/7488/all-info