Political Quotes

Thomas A. Garrett: “Right, but we do nothing in this amendment to take away from the CFTC their enforcement authority. They retain that. All…”

On the recordJune 23, 2014
Right, but we do nothing in this amendment to take away from the CFTC their enforcement authority. They retain that. All that has changed is the registration requirement. The CFTC and the SEC retain both their mutual and harmonious, if you will, enforcement authorities under all of the contracts that are respective to these provisions. That is not taken away. We just say: Why duplicate the effort as far as registration requirements? I just wanted to clarify that point.
Said by
Thomas A. Garrett
Virginia
Source
govinfo.gov
Jun 23, 2014

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