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Congress·In Committee·19 days ago

Commodity Trading: New Office of the Chief Economist

Also known as: CFTC Office of the Chief Economist Act of 2026

Legislative Progress

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Key Points

  • This bill creates a permanent Office of the Chief Economist within the agency that oversees markets for things like oil, grain, and gold. This office will be responsible for researching how markets work and checking if new government rules will help or hurt the economy.
  • The new office will help the government better understand market liquidity, which describes how easy it is for people to buy and sell things quickly without causing prices to jump around too much.
  • To get the best experts, the bill allows the agency to hire economists, data specialists, and researchers more quickly by skipping some of the standard, slower government hiring rules.
  • Before the agency passes any new regulations, it would now be required to work closely with these economists to study the potential costs and benefits to the public and the businesses involved.

Milestones

2 milestones2 actions
Feb 11, 2026House

Referred to the House Committee on Agriculture.

Feb 11, 2026

Introduced in House

Source Information

Document Type

Congressional Bill

Official Title

CFTC Office of the Chief Economist Act of 2026

Bill NumberHR 7488
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Agriculture.

Sponsor

Cosponsors

(1)
D: 1

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