Release: 5618-09
For Release: February 24, 2009

CFTC Applauds Increased Funding Level for the Agency

Washington, D.C. – Today, Congress unveiled H.R. 1105 – Omnibus Appropriations Act, 2009, that includes $146,000,000 for the Commodity Futures Trading Commission (CFTC). Commenting on this action, CFTC Acting Chairman Michael V. Dunn said:

“At every opportunity, I have highlighted the urgent need for increased funding for the CFTC in order to be able to fulfill its regulatory charge. I applaud the Congress for proposing $146,000,000 for the CFTC; this funding mark is critical and greatly appreciated.

I strongly believe that with today’s action, the Congress has demonstrated an appreciation for the Commission’s need for additional funding. With these additional funds the CFTC will be able to better protect the futures markets and the customers who use them from fraud and abuse.”

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Last Updated: March 2, 2009