WASHINGTON – U.S. Senator Debbie Stabenow (D-Mich.), Ranking Member of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, today released a statement regarding the Commodity Futures Trading Commission’s (CFTC) final rule on speculative position limits, which fails to go far enough to protect consumers and producers from irresponsible commodity trading that has caused unnecessary spikes in prices for consumers:
“When Wall Street traders make reckless decisions, consumers end up footing the bill. In Dodd Frank, Congress clearly directed the CFTC to set reasonable limits that ensure speculators do not raise prices for consumers. This final rule ignores Congressional intent and fails to protect our markets.”
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