Massad: cost-benefit bill makes CFTC rulemaking 'very difficult'

Departing chairman says the CFTC already does “a good job” of analysing costs

timothy-massad
Timothy Massad officially stepped down as CFTC chairman on January 20

Outgoing Commodity Futures Trading Commission (CFTC) chairman Timothy Massad has delivered a parting shot at congressional Republicans, who last week voted to pass a bill that requires the agency to conduct extensive cost-benefit analysis – which would be subject to mandatory judicial review – before adopting new rules.

Speaking with Risk.net earlier this week, Massad warned the bill would make it "very difficult" for the agency to pass new rules.

"It just makes things very difficult. We

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