Randy Neugebauer: “In a time of a budget deficit, oversight and accountability on spending is urgently important.”

the CFTC has not put forward any reasonable explanation for not including historically accepted transactions as bona fide hedges under the proposed rule.

We simply can't afford to have these agencies miss opportunities to implement low-cost mitigation measures.

the CFTC's proposal unduly focuses on 'limiting the activity of commercials in hedging in the markets,' which in turn increases the risk of pricing commodities.

In my view, the proposed rule is a clear error in judgment by the Bureau.