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House CFTC Reauthorization Bill Would Broaden Enforcement Reach

Oct. 30, 2019, 2:23 PM

A House bill to reauthorize the Commodity Futures Trading Commission for the first time in more than a decade would give the agency stronger legal footing to pursue fraudulent overseas trading activities.

The House Agriculture Committee marked up and approved by voice vote a managers amendment to H.R. 4895 Oct. 30 that would codify the agency’s enforcement authority to charge foreign companies, traders or other actors with attempted fraud or manipulation if their activities “have or would have a reasonably foreseeable substantial effect within the United States.”

That language would potentially give the agency broader authority over foreign conduct, ...

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