U.S. Commodity Futures Trading Commission (CFTC) Commissioner J. Christopher Giancarlo, who serves as the sponsor of the CFTC’s Energy and Environmental Markets Advisory Committee (EEMAC or Committee), announced today that the Committee has submitted to the CFTC a report and recommendations approved by an 8-1 vote of the EEMAC. The report also includes a minority dissent.
“I am pleased to announce that the Committee has released a report authorized under the Dodd-Frank Act. It was important that the Committee summarize its 2015 activity, which focused almost exclusively on the CFTC’s proposed rule on position limits. I welcome the recommendations and dissent and trust that my fellow commissioners will give the report thoughtful consideration.”
The EEMAC devoted two full meetings in February and July of 2015 to discuss the CFTC’s proposed rule on position limits. Section 751 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the EEMAC charter provides for the Committee to issue reports and recommendations to the CFTC on topics that impact American energy and environmental markets.