Washington—Senator Dianne Feinstein (D-Calif.) today released the following statement in support of the Commodity Futures Trading Commission (CFTC) finalizing rules to limit excessive speculation in certain commodity markets:
“I find it unbelievable that the CFTC’s Energy and Environmental Markets Advisory Committee has recommended that the CFTC should not finalize its proposed rule on position limits. I’m appalled by the ongoing efforts to undermine or reject legitimate regulations.
“It has been almost six years since Dodd-Frank clearly called for the CFTC to establish this rule. Further delay or efforts to weaken it are unacceptable.
“It’s my hope that the CFTC swiftly finalizes the rule it proposed in 2013 that would limit speculation in 28 different commodity contracts. This rule would help protect American consumers from the impact of excessive speculation on everyday prices.”