The Commodity Futures Trading Commission (CFTC) is facing criticism from Senate Democrats for reproposing the long-delayed rule to impose speculative position limits a trader can hold on certain commodities, including oil, natural gas and gold rather than issuing a final rule on the matter.
That criticism came in the form a letter from U.S. Senators Maria Cantwell (D-Wash.), Sherrod Brown (D-Ohio) and Dianne Feinstein (D-Calif.) to CFTC Chairman Timothy Massad, calling him out for his agency’s perceived inability to complete the rulemaking process.
Read on to learn more of what the senators had to say.