Date: April 8, 2014
To: House Committee on Agriculture
Filing Type: Hill
Description: The Chamber also supports provisions in this bill that would promote transparency and accountability in CFTC’s rulemaking process, including a requirement to conduct a cost benefit analysis for new rules, and the creation of an Office of the Chief Economist to support such analyses. Cost benefit analysis has been a fundamental tool of effective government for more than three decades, and these requirements would help protect Main Street businesses, investors, and consumers from some of the unintended consequences of regulation.