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    <number>4909</number>
    <updateDate>2022-11-01T04:32:33Z</updateDate>
    <updateDateIncludingText>2022-11-01T04:32:33Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2019-10-29</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 165, Number 171 (Tuesday, October 29, 2019)][House]From the Congressional Record Online through the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]By Mr. JOHNSON of South Dakota:H.R. 4909.Congress has the power to enact this legislation pursuantto the following:(Article I, Section 8, Clause 3)[Page H8595]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Agriculture Committee</name>
        <chamber>House</chamber>
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            <systemCode>hsag22</systemCode>
            <name>Commodity Markets, Digital Assets, and Rural Development Subcommittee</name>
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                <name>Referred to</name>
                <date>2019-11-15T21:48:23Z</date>
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            <name>Referred to</name>
            <date>2019-10-29T14:01:25Z</date>
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        <actionDate>2019-11-15</actionDate>
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            <systemCode>hsag22</systemCode>
            <name>Commodity Markets, Digital Assets, and Rural Development Subcommittee</name>
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        <text>Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.</text>
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        <actionDate>2019-10-29</actionDate>
        <text>Referred to the House Committee on Agriculture.</text>
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        <text>Introduced in House</text>
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        <actionDate>2019-10-29</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
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        <bioguideId>J000301</bioguideId>
        <fullName>Rep. Johnson, Dusty [R-SD-At Large]</fullName>
        <firstName>Dusty</firstName>
        <lastName>Johnson</lastName>
        <party>R</party>
        <state>SD</state>
        <isByRequest>N</isByRequest>
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      <name>Finance and Financial Sector</name>
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          <name>Administrative law and regulatory procedures</name>
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        <item>
          <name>Banking and financial institutions regulation</name>
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        <item>
          <name>Commodities markets</name>
        </item>
        <item>
          <name>Commodity Futures Trading Commission</name>
        </item>
        <item>
          <name>Executive agency funding and structure</name>
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        <item>
          <name>Government employee pay, benefits, personnel management</name>
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          <name>Judicial review and appeals</name>
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        <actionDate>2019-10-29</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2020-05-29T13:45:24Z</updateDate>
        <text><![CDATA[ <p><b>CFTC Cost-Benefit Analysis Improvement Act </b></p> <p>This bill generally revises the cost-benefit analysis requirements for the Commodity Futures Trading Commission (CFTC). </p> <p>It establishes in the CFTC the Office of the Chief Economist. The office must perform the cost-benefit analyses of proposed CFTC regulations and orders. Additionally, such cost-benefit analyses must consider, among other things, the impact of market liquidity on relevant markets, available alternatives to direct regulation, and the cost of compliance for all regulated entities. </p> <p>A court must affirm such cost-benefit analyses, unless it finds an abuse of discretion. </p>]]></text>
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    </summaries>
    <title>CFTC Cost-Benefit Analysis Improvement Act</title>
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        <titleType>Display Title</titleType>
        <title>CFTC Cost-Benefit Analysis Improvement Act</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>To expand the scope of the matters required to be evaluated by the Commodity Futures Trading Commission in considering the costs and benefits of its proposed regulations and orders, and for other purposes.</title>
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        <title>CFTC Cost-Benefit Analysis Improvement Act</title>
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        <type>Introduced in House</type>
        <date>2019-10-29T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-116hr4909ih/xml/BILLS-116hr4909ih.xml</url>
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    <latestAction>
      <actionDate>2019-11-15</actionDate>
      <text>Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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