Byron Donalds: “My amendment in short does something very simple. It actually reduces the funding requirement for the Commodity Futures…”

“My amendment in short does something very simple. It actually reduces the funding requirement for the Commodity Futures Trading Commission back to FY 2018 levels. In short, Mr. Chairman, the job of the CFTC has been operating for a very long time. The additional $96 million in money, it is not clear why they need that to be able to regulate the Commodity Futures Trading platform. Nothing miraculously has changed in commodity trading from 2018 to 2024, so in my view, Mr. Chairman, we need to restore those levels back to the FY18 levels in part because the CFTC will still be able to accomplish their mission, number one. Number two, we are running a $2 trillion deficit this fiscal year. We have to actually begin to pull some of these agencies back two levels so the American taxpayer can actually begin to afford, and not the wishful thinking of Federal agencies. Mr. Chairman, I reserve the balance of my time.”