CFTC to get 7.6 percent funding boost, first in four years, under spending bill

15 February 2019 3:04am
The US Commodity Futures Trading Commission would get a 7.6 percent funding increase, its first in four years, under a bipartisan bill passed by the Senate today and expected to be signed by President Donald Trump.

The boost to $268 million includes an earmark of $50 million for information technology to help the CFTC keep pace with an increasingly automated market in derivatives and futures transactions.

CFTC Chairman Christopher Giancarlo had sought a 12.6 percent increase to $281.5 million.