The House Agriculture Committee passed legislation to reauthorize the Commodity Futures Trading Commission through 2025 by voice vote Oct. 30. CFTC authorization expired in 2013.

“The bill … helps strengthen our financial market infrastructure and makes it more resilient. It also combats fraud and promotes cooperation among regulators,” said Agriculture Committee Chairman Collin Peterson of Minnesota. "But it’s even more important to me that we’ve done it in a bipartisan way that sends a strong message to the Senate. The people that look to our markets for integrity don’t care about political wins and losses. They expect us to conduct the business of this Committee.”

The bipartisan legislation, H.R. 4895, has several components, including:

"This bill takes great steps to provide integrity and transparency in our commodity markets, while at the same time building resiliency and fostering greater cooperation with international regulators,” said Rep. David Scott, D-Georgia, chairman of the House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit.

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