It must be noted that the CFTC has a proven track record in clearing futures contracts, and to date has not lost a single dollar of a single customer's money due to failure of a clearinghouse.
Sam Graves
The Public Record
Sam Graves is an American politician serving as the U.S. Representative for Missouri's 6th congressional district since 2001. A member of the Republican Party, Graves has focused on issues such as agriculture, transportation, and small business during his tenure in Congress. He has been involved in various legislative efforts aimed at supporting rural communities and enhancing infrastructure in his district. Graves has also served on several committees, including the House Transportation and Infrastructure Committee, where he has played a significant role in shaping policy related to these areas.
I support greater transparency and accountability in respect to the over-the-counter transactions.
I believe any legislation to regulate financial markets has to strike a delicate balance between protecting the economic workings of this country and creating opportunities for economic growth.
I believe this Committee must work to ensure that the Commodity Futures Trading Commission, the CFTC, plays a leading role in appropriately regulating the derivative and commodity markets.
Investor Warren Buffet has described the multi-trillion dollar market in financial derivatives as the equivalent of a financial pearl harbor.





