Tuesday, March 15, 2011

Lucas Demands CFTC's Review of Dodd-Frank Costs

House Agriculture Committee Chairman Frank Lucas (R-Okla.) has asked the inspector general of the Commodity Futures and Exchange Commission to investigate the agency's cost-benefit analyses of implementing the derivatives title of the Dodd-Frank Act, the Deal Pipeline reported yesterday. "Now is not the time to impose poorly vetted regulations on this economy," Lucas said. "Taking the time to understand the consequences of the rules will not weaken them - it will only strengthen the CFTC's ability to deliver on the objectives of Dodd-Frank."