I wish to note that as cosponsors of the amendment, Senators Johanns, Shelby, Toomey, Moran, Vitter, and Kirk are also supportive. The unprecedented scope and pace of agency rulemaking in the United States today is posing incredible uncertainty and threat to our economy. Americans today know that jobs are the No. 1 issue we face, and consistently across the country Americans are also recognizing that the explosion of government regulatory action is one of the huge impediments to our job creation efforts in America. Unfortunately, under the Dodd-Frank Act, we are seeing one of the most significant rulemaking levels of activity in every part of our economy. Many of the proposed rules do not give sufficient consideration to how they will affect Main Street or our economy as a whole, how they will interact with one another or, frankly, how they will impact our global competitiveness. Through this amendment, I focus on the CFTC to send a strong message to all regulators involved in the rulemaking process that we cannot afford regulations that unnecessarily burden our businesses, our economy, and our competitive position in the global marketplace.…
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