|
|
Article: Agriculture Committee's Lugar offers bill to reauthorize futures trading agency. (Richard Lugar, Commodity Futures Trading Commission)
- Article from:
- The Bond Buyer
- Article date:
- January 12, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WASHINGTON - Sen. Richard Lugar, R-Ind., the chairman of the Senate Agriculture Committee, has introduced legislation that would extend the life of the Commodity Futures Trading Commission for five years.
Lugar's bill, introduced this week, would reauthorize funding for the agency to operate through the year 2000. The CFTC is currently operating under an expired two-year reauthorization. An Agriculture Committee aide said the bill was introduced at the request of the Clinton Administration.
Hearings on Lugar's measure are to be held later this month.
However, Rep. Ron Wyden, a Democrat from Oregon who sits on the House Commerce Committee, plans to ...