CFTC Office of the Chief Economist Act of 2026

House Bill

H.R. 7488

119th Congress

CFTC Office of the Chief Economist Act of 2026

In Committee

Introduced:Feb 11, 2026

Primary Sponsor

Robert Bresnahan

R - PA

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill formally establishes the Office of the Chief Economist within the Commodity Futures Trading Commission (CFTC), the agency that oversees derivatives markets and commodity futures trading. The office would provide economic analysis and research to help the CFTC make better-informed decisions about regulating financial markets that affect everything from farmers' crop prices to Wall Street investments.

Latest Action

Referred to the House Committee on Agriculture.

Introduced2/11/2026

StatusReferred to the House Committee on Agriculture.

ChamberHouse

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Vote Prediction

CFTC Office of the Chief Economist Act of 2026

This bill formally establishes the Office of the Chief Economist within the Commodity Futures Trading Commission (CFTC), the agency that oversees derivatives markets and commodity futures trading. The office would provide economic analysis and research to help

Community Breakdown

Pass

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This bill formally establishes the Office of the Chief Economist within the Commodity Futures Trading Commission (CFTC), the agency that oversees derivatives markets and commodity futures trading. The office would provide economic analysis and research to help the CFTC make better-informed decisions about regulating financial markets that affect everything from farmers' crop prices to Wall Street investments.

Bill Number: 7488
Introduced: 2/11/2026
Status: Referred to the House Committee on Agriculture.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: CFTC Office of the Chief Economist Act of 2026
Bill Number: 7488
Sponsor: No sponsor
Status: Referred to the House Committee on Agriculture.
Introduced: 2/11/2026
Summary: This bill formally establishes the Office of the Chief Economist within the Commodity Futures Trading Commission (CFTC), the agency that oversees derivatives markets and commodity futures trading. The office would provide economic analysis and research to help the CFTC make better-informed decisions

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill formally establishes the Office of the Chief Economist within the Commodity Futures Trading Commission (CFTC), the agency that oversees derivatives markets and commodity futures trading. The office would provide economic analysis and research to help the CFTC make better-informed decisions about regulating financial markets that affect everything from farmers' crop prices to Wall Street investments.

Last updated: 2/23/2026

Key Points

Main provisions of the bill

Creates a permanent Chief Economist position at the CFTC to provide expert economic analysis on financial market regulations
Aims to ensure financial market rules are based on solid economic research and data, potentially reducing unintended consequences
Could affect regulations on commodity futures markets that impact prices for agricultural products, energy, and other essential goods
Represents an effort to bring more economic expertise into decisions that affect both Main Street businesses and major financial institutions

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect how the CFTC makes regulatory decisions, potentially leading to more economically sound policies in derivatives and commodities markets. Farmers, ranchers, energy producers, and everyday investors could benefit from better-designed regulations that balance market stability with economic efficiency. The enhanced economic analysis could also help prevent market disruptions that sometimes ripple through to consumer prices for food, fuel, and other commodities.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7488, 119th Congress (2026). "CFTC Office of the Chief Economist Act of 2026". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7488

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