,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #gdhh  ,,in ,,the ,,house ,,of  
,,representatives  ,february #aa1       
#bjbf,mr4 ,bresnahan 7for himself and   
,mrs4 ,mc,clain ,delaney7 introduced the
 following bill2 which was referred to  
the ,committee on ,agriculture  ,a      
,,bill  ,to create an ,office of the    
,chief ,economist at the ,commodity     
,futures ,trading ,commission4  #a4     
,short title ,this ,act may be cited as 
the ,,cftc ,office of the ,chief        
,economist ,act of #bjbf4  #b4 ,office  
of the ,chief ,economist  7a7 ,in       
general ,section #b7;a7 of the          
,commodity ,exchange ,act 7#g ,u4,s4,c4 
#b7;a77 is amended by adding at the end 
the following3  7#af7 ,office of the    
chief economist  7,a7 ,establishment    
,there is established in the ,commission
 the ,office of the ,chief ,economist4  
7,b7 ,head ,the ,office of the ,chief   
,economist shall be headed by the ,chief
 ,economist4  7,c7 ,functions ,the      
,chief ,economist shall serve as        

economic advisor to the ,commission and 
perform functions such as economic      
analysis1 regulatory cost-benefit       
analysis1 and research4  7,d7           
,professional staff  7i7 ,appointment   
authority ,the ,commission may appoint  
an individual to a position described in
 clause 7ii7--  7,i7 in accordance with 
the statutes1 rules1 and regulations    
governing appointments to positions in  
the excepted service 7as defined in     
section #bajc of title #e1 ,united      
,states ,code72 and  7,,ii7 without     
regard to any statute1 rule1 or         
regulation governing appointments to    
positions in the competitive service 7as
 defined in section #bajb of such       
title74  7ii7 ,position described ,a    
position referred to in clause 7i7 is a 
position at the ,commission that-- 7,i7 
serves the ,office of the ,chief        
,economist2  7,,ii7 is in the           
competitive service 7as defined in      
section #bajb of such title72 and       
7,,iii7 7aa7 is an economist1 research  

analyst1 or data specialist2 or  7bb7   
requires specialized knowledge of       
futures1 swaps1 or commodities markets1 
financial and capital market formation  
or regulation1 financial market         
structures or surveillance1 data        
collection or analysis1 or information  
technology4  7iii7 ,rule of construction
 ,the appointment of a candidate to a   
position under authority of this        
subsection shall not be considered to   
cause such position to be converted from
 the competitive service to the excepted
 service4  4  7b7 ,conforming amendment 
,section #ae7;a7 of such ,act 7#g       
,u4,s4,c4 #ai7;a77 is amended-- 7#a7 in 
paragraph 7#a71 by inserting 1 after    
coordinating with the ,office of the    
,chief ,economist1 before shall2  7#b7  
in paragraph 7#b77;,b71 by striking     
futures markets and inserting markets   
under the jurisdiction of the           
,commission2  7#c7 in paragraph 7#b71 by
 redesignating subparagraphs 7,d7 and   
7,e7 as subparagraphs 7,e7 and 7,f72 and

  7#d7 in paragraph 7#b71 by inserting  
after subparagraph 7,c7 the following3  
7,d7 considerations of market liquidity2
  4