Release: 5428-07

For Release: December 27, 2007

CFTC Applauds Increased Funding Level for the Agency

Washington, DC – Today, the President signed into law an omnibus spending bill (H.R. 2764) that includes $112,050,000 for the CFTC for the 2008 fiscal year. Commenting on this action, CFTC Acting Chairman Walter Lukken said:

“I applaud the President and Congress for the level of CFTC funding included in this bill. The $112,050,000 funding mark is critical and greatly appreciated; it will enable the Commission to move forward with substantial technological and personnel investments. These enhancements will allow the Commission to continue to carry out its mission.

Policymakers clearly recognize the important role the Commission plays in overseeing a vital component of the U.S. financial markets. It is my hope that this funding increase is the first in a series of steps necessary to establish the increased level of resources essential to positioning the CFTC to meet its authorities and obligations.”

Media Contacts
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202-418-5080

R. David Gary
202-418-5085

Last Updated: December 27, 2007