House Appropriations Committee

Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Subcommittee

Budget Hearing - Fiscal Year 2024 Request for the Commodity Futures Trading Commission

2362-A Rayburn
Tue, 28 Mar 2023 17:00:00 GMT

Hearing page

Witness:
  • Rostin Behnam, Chairman, Commodity Futures Trading Commission

The Commission requests $411 million and 764 full-time equivalents (FTE) to operate the Commission and advance priority initiatives in FY 2024. This request is an increase of $46 million, or 12.6%, above the FY 2023 Enacted Budget and includes an additional 5 FTE, or 0.7%, above the FY 2023 Congressional Spend Plan.

The Chairman’s office provides leadership to the Climate Risk Unit (CRU) which continues to evaluate the role of derivatives in understanding, pricing, and mitigating climate-related risk, and supports the orderly transition to a low-carbon economy through market-based initiatives.