Senate Hearing on Regulatory Impacts on Commodity Markets
January 1, 2016
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The Frame
The hearing evaluates whether federal financial regulations intended to stabilize markets are creating unintended costs and operational hurdles for businesses that use to hedge against price fluctuations in commodities like grain and energy.
Potentially affected actors named in the source documents. Mention is not a position.
Farmers and Ranchers
These groups use derivatives to hedge against price volatility in their operations and are subject to the regulatory requirements discussed.
Electric Cooperatives
These entities use derivatives to manage energy price risks and are impacted by the regulatory framework governing these transactions.
Commodity Futures Trading Commission (CFTC)
The agency is responsible for implementing and enforcing the regulations discussed in the hearing.
Last recorded activity January 1, 2016.
Next step not available in the current record.
Summary
Key Facts
- The hearing took place on May 14, 2015, marking the five-year anniversary period of the Dodd-Frank Act.
- The committee examined the impact of Dodd-Frank implementation on 'end-users' who use derivatives to hedge commercial risks.
- End-users are defined as participants like grain companies or electric cooperatives using derivatives to offset operational risks.
- The hearing included testimony from the CFTC Chairman and two panels of industry stakeholders.
- The committee received written statements and responses to questions from witnesses regarding regulatory burdens and market liquidity.
- The record includes a document titled 'The Growth Consequences of Dodd-Frank' submitted by Chairman Roberts.
Frequently Asked Questions
What is an 'end-user' in the context of this hearing?
Why was this hearing held?
Why It Matters
The hearing evaluates whether federal financial regulations intended to stabilize markets are creating unintended costs and operational hurdles for businesses that use to hedge against price fluctuations in commodities like grain and energy.
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Dodd-Frank Implementation Review
The hearing highlights a concerted effort by the Senate Agriculture Committee to revisit and critique the implementation of Dodd-Frank five years post-passage.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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