Chairman Roberts’ Statement on EEMAC Position Limits Report
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) Energy and Environmental Markets Advisory Committee (EEMAC) released a report today on position limits.
“I am encouraged that the CFTC has been convening meetings of the EEMAC under Commissioner Giancarlo’s leadership and issued a report on their recent findings,” said Chairman Roberts. “The report explains that if the CFTC does not make substantial changes to their Proposed Position Limits Rule, it would undermine end-users’ ability to perform their economic functions of risk management. I want to reiterate that end-users did not cause the financial crisis and should not be regulated as if they did.”
The Senate Agriculture Committee last May held a hearing on CFTC regulatory issues impacting end-users and market liquidity.
Meghan Cline: 202-224-2035
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