The House Ag Committee, which holds congressional oversight authority over the CFTC along with the Senate Ag Committee, decided to use the CFTC reauthorization as an opportunity to redress some of the problems created by Dodd-Frank and the CFTC's relatively narrow interpretation of the law.

Reverberations from the financial markets reform legislation known as Dodd-Frank continue almost four years after its passage by Congress. The legislation, named after its principal authors, was Congress's response to the 2008/09 financial meltdown. At approximately 2,300 pages, it weighs, we are told, about 10 lbs. Its formal title is the Wall Street Reform and Consumer Protection Act, and this pretty well identifies where Congress placed the blame f...