Bill · H.R. 7488· House(119-HR-7488)
CFTC Office of the Chief Economist Act of 2026
- Introduced
- 2/11/2026
- Last activity
- 3/20/2026 — Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
- Sponsored by
- Robert Bresnahan
- Cosponsors
- - 1 - 1
- Introduced
- In Committee
What this bill would do
This bill, called the "CFTC Office of the Chief Economist Act of 2026," creates an Office of the Chief Economist within the Commodity Futures Trading Commission. The Chief Economist will act as an economic advisor and handle tasks like research and regulatory cost-benefit analysis. The bill also outlines how professional staff, such as economists and data specialists, can be appointed. Additionally, it updates other sections of the Commodity Exchange Act to include coordination with this new office.
Yes· 3 of 8
Is this likely to create jobs?+1
The bill creates new professional positions for economists and data specialists within the CFTC.
Is this likely to grow the economy?+1
Enhanced economic analysis and cost-benefit research for regulations may lead to more efficient market outcomes.
Does this give people more protection from unfair business practices?+1
Better regulatory analysis in commodity markets can lead to more stable and transparent markets for consumers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Economic Analysis and Research: The Chief Economist is tasked with performing economic analysis, regulatory cost-benefit analysis, and research (Section 2(a)). This could lead to more informed decision-making regarding regulations.
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Specialized Expertise: The bill allows for the appointment of staff with specialized knowledge in areas like commodities markets, financial market structures, and data analysis (Section 2(a)(D)(ii)). This ensures the Commission has technical expertise to oversee these markets.
Potential Negative Impacts for People
- No negative impacts for individuals or groups are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+1Improves Economic Growth+1Increases Job Creation+1
- Demographic And Interest Groups
- Good For Business Owners+1Good For Farmers+1
- Governance And Ideology
- Improves Government Transparency+1Increases Federal Power+1
- Education And Technology
- Increases Scientific Research Funding+1
- 8/31/2026
- 1 Cosponsor added.
- 3/20/2026
- Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
- 2/11/2026
- Referred to the House Committee on Agriculture.
- 1 Cosponsor added.
- Introduced in House
Michael LawlerRepublican · New York
April McClain DelaneyDemocrat · Maryland