News Article CFTC Commissioner Michael Dunn said that the agency is facing a "budget crisis" as it attempts to carry out the financial reform law with insufficient funds. Publication Reuters Date January 20, 2011 Cross References (links may require a Cabinet subscription) Dodd-Frank Act, Title VII

Commodity Futures Trading Commission The CFTC has scheduled this meeting to consider the issuance of proposed rules regarding Investment Advisor Reporting under the Dodd-Frank Act. The agenda for this scheduled meeting will be made available to the public Document Number 76 Fed. Reg. 3881 Date January 21, 2011

International Swaps and Derivatives Association ISDA submitted comments in response to Advance Notice of Proposed Rulemaking: Authority to Designate Financial Market Utilities as Systemically Important, regarding the criteria that should be applied by the Financial Stability Oversight Council in designating financial market utilities as systemically important. Date January 20, 2011 Cross References (links may require a Cabinet subscription) 112(a)(2)(J) and 804(a) of Dodd-Frank

News Article The bottom line according to Businessweek: The CFTC's push to limit commodity speculation faces opposition from House Republicans who now share control over the agency's budget. CFTC Chairman Gensler might not have the three votes needed to impose even those limits. Democratic Commissioner Michael V. Dunn said there's no "reliable economic analysis" that proves excessive speculation is affecting markets. "My fear is that, at best, position limits are a cure for a disease that does not exist," Dunn said. "Or at worst, a placebo for one that does." Publication Businessweek Date

CFTC Technology Advisory Committee Meeting The CFTC's Technology Advisory Committee (TAC) will hold its third meeting on January 27, 2011. The TAC will discuss pre-trade functionality, direct market access controls and costs and technology challenges in implementing the trade execution, processing and records management requirements of the Dodd-Frank Act. Dr. Michael Gorham, Illinois Institute of Technology (IIT) Industry Professor of Finance and Director of the ITT Center for Financial Markets, will present the Pre-Trade Functionality Subcommittee Report on Direct Market Access Controls