Full Committee
Hearing to Review Derivatives Legislation
Date and Time
February 3, 2009 |
01:00 PM
Location
1300 Longworth House Office Building, Washington, D.C.
Description
WASHINGTON – On February 3, 2009, the House Agriculture Committee held the first in a series of hearings to review legislation addressing the derivatives markets. The Committee heard from stakeholder groups about the Derivatives Markets Transparency and Accountability Act of 2009, draft language circulated the previous week by Chairman Collin C. Peterson of Minnesota. The bill is designed to bring greater transparency to futures markets and to bring a sense of order to the over-the-counter market for swaps and other credit derivatives.
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Witness Testimonies
Panel 1
Mr. Tom Buis,
President National Farmers Union, Washington, D.C.
Mr. John Damgard,
President Futures Industry Association, Washington, D.C.
Mr. Michael Greenberger,
Law School Professor University of Maryland School of Law, Baltimore, Maryland
Mr. Michael A. Gooch,
Chairman and Chief Executive Officer GFI Group Inc., New York, New York
Mr. Sean Cota,
President, Cota & Cota Inc. on behalf of Petroleum Marketers Association of America and New England Fuel Institute, Bellow Falls, Vermont
Mr. Terrence A. Duffy,
Executive Chairman CME Group Inc., Chicago, Illinois
Panel 2
Mr. Daniel J. Roth,
President and Chief Executive Officer National Futures Association, Chicago, Illinois
Mr. Tyson Slocum,
Director Public Citizen's Energy Program, Washington, D.C.
