AFR sent letters to members of the House and Senate urging them to support full funding for the CFTC. The CFTC’s role in regulating commodity markets is vital to overall financial stability and cannot do its job without this vital funding.
AFR sent a letter to member of Congress urging them to support full funding for the CFTC. Funding the CFTC is vitally important to enabling it to do its job: protecting the US and global economy through effective oversight of some of the most critical and central areas of our financial markets.
“President Obama’s FY 2013 budget request would increase the CFTC budget to $308 million…also increases funding for the SEC to $1.566 billion…AFR strongly supports the increased funding levels, and believes that adequate funding for these regulators is vital to holding Wall Street accountable, and preventing another financial crisis. Huge volumes of hidden and un-backed derivatives trades were a key cause of the financial crisis. …With millions of Americans still out of work, more than $8 trillion lost in home values and retirement savings, and millions of foreclosures it could not be clearer that Wall Street must not be allowed to gamble in the shadows.”
Read the pdf here. May 4th, 2011 Dear Senator, As the Financial Services Appropriations Subcommittee begins consideration of fiscal year 2012 agency funding decisions, we want first to thank you for recognizing the role that the Securities and Exchange Commission (SEC) and Commodity Futures Trading
April 5th, 2011 Dear Member of Congress, On behalf of the undersigned organizations, we urge you to support full funding for the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Anything less would deprive these agencies of the basic resources they
March 27, 2011 Who Will Rescue Financial Reform? In what passes for self-restraint these days, House Republicans have been insisting that they do not intend to repeal last year’s Dodd-Frank financial reform law. Not in one fell swoop, anyway. A direct assault on Dodd-Frank would