It has been about seven years since the financial crisis and five years since the Agriculture Committee finished its work on Title Seven of Dodd Frank. We can look back now and see the results of that work.
House Agriculture Committee Ranking Member Collin Peterson today made the following statement on the fifth anniversary of the Dodd-Frank Wall Street Reform Act.
“It has been about seven years since the financial crisis and five years since the Agriculture Committee finished its work on Title Seven of Dodd Frank. We can look back now and see the results of that work. The CFTC has finished 50 of the 60 rules required by Title Seven. Central clearing, margin, and price transparency are now the rule, rather than the exception, in the swaps market. The derivatives markets as a whole are now much safer for end-users, consumers, market participants and taxpayers than they were seven years ago. But that work is not done; the Commission, and the markets they regulate, need our further support.”
