,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #ajjc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #f1 #bjac ,mr4   
,conaway 7= himself1 ,mr4 ,david ,scott 
( ,georgia1 ,mr4 ,jordan1 ,mr4          
,mc,henry1 & ,mr4 ,g>rett7 introduc$ !  
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,agriculture  ,a ,,bill   
,to improve consid]ation by ! ,commodity
 ,futures ,trad+ ,commission ( ! co/s & 
b5efits ( its regulations & ord]s4  #a4 
,consid]ation by ! ,commodity ,futures  
,trad+ ,commission ( ! co/s & b5efits ( 
its regulations & ord]s ,section #ae7;a7
 ( ! ,commodity ,ex*ange ,act 7#g       
,u4,s4,c4 #ai7;a77 is am5d$ by /rik+    
p>agraphs 7#a7 & 7#b7 & ins]t+ ! foll[+3
  7#a7 ,9 g5]al ,be=e promulgat+ a      
regulation "u ?is ,act or issu+ an ord] 
7except z provid$ 9 p>agraph 7#c771 !   
,commission1 ?r\gh ! ,(fice ( ! ,*ief   
,economi/1 %all assess ! co/s & b5efits1
 bo? qualitative & quantitative1 ( !    
int5d$ regulation & propose or adopt a  
regulation only on a reason$ det]m9ation

 t ! b5efits ( ! int5d$ regulation      
ju/ify ! co/s ( ! int5d$ regulation     
7recogniz+ t "s b5efits & co/s are      
difficult to quantify74 ,x mu/ measure1 
& seek to improve1 ! actual results (   
regulatory requirem5ts4  7#b7           
,consid]ations ,9 mak+ a reason$        
det]m9ation ( ! co/s & ! b5efits1 !     
,commission %all evaluate--  7,a7       
consid]ations ( protection ( m>ket      
p>ticipants & ! public2  7,b7           
consid]ations ( ! effici5cy1            
competitiv5ess1 & f9ancial integrity (  
futures & swaps m>kets2  7,c7           
consid]ations ( ! impact on m>ket       
liquidity 9 ! futures & swaps m>kets2   
7,d7 consid]ations ( price discov]y2    
7,e7 consid]ations ( s\nd risk managem5t
 practices2  7,f7 available alt]natives 
to direct regulation2  7,g7 ! degree &  
nature ( ! risks pos$ by v>i\s          
activities )9 ! scope ( its             
jurisdiction2  7,h7 :e!r1 consi/5t )    
obta9+ regulatory objectives1 !         
regulation is tailor$ to impose ! lea/  

burd5 on society1 includ+ m>ket         
p>ticipants1 individuals1 bus9esses (   
diff]+ sizes1 & o!r entities 7includ+   
small communities & gov]nm5tal          
entities71 tak+ into acc\nt1 to ! ext5t 
practicable1 ! cumulative co/s (        
regulations2  7,i7 :e!r ! regulation is 
inconsi/5t1 incompatible1 or duplicative
 ( o!r ,f$]al regulations2  7,j7 :e!r1 9
 *oos+ among alt]native regulatory      
approa*es1 ^? approa*es maximize net    
b5efits 7includ+ pot5tial economic1     
environm5tal1 & o!r b5efits1 di/ributive
 impacts1 & equity72 &  7,k7 o!r public 
int]e/ consid]ations4  4