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Creating the Office of the Chief Economist at the CFTC

This bill establishes a dedicated office of economic experts to analyze the impact and costs of financial regulations. It aims to ensure that market rules are based on solid data and research to protect the economy and individual investors.
Key points
Establishment of a formal Office of the Chief Economist within the financial regulatory commission.
Mandatory economic and cost-benefit analysis for all new market regulations.
Flexible hiring of data specialists and market experts to improve regulatory quality.
Requirement to consider market liquidity and overall health when making regulatory decisions.
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Status: Introduced
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Additional Information
Print number: 119_HR_7488
Sponsor: Rep. Bresnahan, Robert P. [R-PA-8]
Process start date: 2026-02-11
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CFTC Office of the Chief Economist Act of 2026

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7488.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2026-02-11.

What are the main provisions?

Key points include:

  • Establishment of a formal Office of the Chief Economist within the financial regulatory commission.
  • Mandatory economic and cost-benefit analysis for all new market regulations.
  • Flexible hiring of data specialists and market experts to improve regulatory quality.
  • Requirement to consider market liquidity and overall health when making regulatory decisions.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bresnahan, Robert P. [R-PA-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Agriculture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-02-19.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Agriculture