This hearing, the third in a series of CFTC reauthorization hearings, focused on the views of the derivative end-users. Chairman Conaway set the hearing's tone in his opening remarks by saying that the CFTC continues to overreach in the implementation of the Dodd/Frank Act and that this would ultimately lead to higher prices for consumers. Ranking Member Scott added a new dimension to the hearing by suggesting the reauthorization should include a provision to prevent Wall Street entities from ownership participation in commodity related holdings.
