Republicans in the U.S. House passed a bill that would cap the budget of the CFTC for five years and require more substantial analysis before the agency issues new rules. It also includes an important exemption. Capping CFTC Republicans in the U.S. House passed a bill that would cap the budget of the Commodity Futures Trade Commission(CFTC) for five years and require more substantial analysis before the agency issues new rules. Importantly, it would exempt certain bona fide hedgers such as food processors from some of the burdensome requirements that are intended to limit adverse harm by speculators. The bill now goes to the Senate where its future is uncertain given the larger hurdle of that body’s filibuster protection of the minority...