Congresswoman Waters Responds to U.S. District Court Decision on Position Limits
Congresswoman Maxine Waters today released the following statement regarding the decision by the U.S. District Court for the District of Columbia to vacate a rule by the Commodity Futures Trading Commission related to position limits:
“I’m very disappointed that the U.S. District Court for the District of Columbia today threw out a rulemaking by the Commodity Futures Trading Commission (CFTC) aimed at limiting speculative trading in oil and other commodities. The CFTC’s rules are critical to protecting American consumers from increasing fuel prices, which are partly the result of excessive speculation.
"Once again, special interests were able to delay and derail a key provision in Wall Street Reform that would protect the public. I urge the CFTC to persist on a position limits rulemaking after conducting the further analysis recommended by the court.”