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Conaway urges CFTC to delay controversial rulemaking

House of Rep  CongressHouse Agriculture Committee Chair Michael Conaway has sent the Commodity Futures Trading Commission a letter urging against “pushing through controversial regulations” before President Barack Obama leaves office. The Texas Republican wrote that: “While we may not agree on which regulations are overreaching or unnecessary, we should agree that the American people have asked for someone else to make that judgment.” Pro Farmer’s First Thing Today reports specifically, Conaway requested that CFTC not move forward on position limits rulemaking and for the Commission to extend the comment period for Regulation Automated Trading.

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