House Bill Would Slash Funds For CFTC's Dodd-Frank Work

Law360, New York (June 5, 2012, 6:32 PM EDT) -- Republicans from the U.S. House of Representatives' Appropriations Committee released a proposal Tuesday that includes steep cuts for the U.S. Commodity Futures Trading Commission, drawing fire from Democrats who say the move will starve the commission just as it begins to increase its oversight efforts under Dodd-Frank.

The 2013 Agriculture Appropriations Bill provides the CFTC with $180 million, a cut of $25 million from last year's funding and $128 million below President Barack Obama's budget request. The legislation allows for a total of $19.4 billion in...
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