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Chairman Roberts’ Statement on CFTC’s Position Limits Proposed Rule

WASHINGTON, D.C. – U.S. Senator Pat Roberts, R-Kan., Chairman of the Senate Committee on Agriculture, Nutrition and Forestry, today released the following statement after the U.S. Commodity Futures Trading Commission’s (CFTC) released a re-proposed rule on position limits. 

“Though I do not appreciate so-called ‘midnight rulemaking’ and certainly am not in favor of limiting farmers, ranchers, and end-users’ risk management tools, I am encouraged that the CFTC decided not to make the controversial parts of this rule final.” said Chairman Roberts. “With the new administration preparing to hit the ground running and critical issues remaining unresolved, I’m hopeful the CFTC will not take away valuable risk management tools for our farmers, ranchers, and end-users. They need more tools – not less.” 

The Senate Agriculture Committee in April approved CFTC reauthorization.