The U.S. Commodity Futures Trading Commission should refrainfrom sanctioning so-called end-users of swaps for six months whilethe agency seeks to clarify its Dodd-Frank Act rules, CommissionerBart Chilton said today.
Commercial and energy companies deserve a more transparentrulemaking process that provides greater certainty, Chilton said incomments prepared for a telephone news conference to propose whathe called an End-User Bill of Rights.
“Dodd-Frank needs to be implemented and needs to be implementedquickly, but that does not mean it should be done so harshly,”Chilton said in a statement prepared for the news conference.“End-users and other market participants should have little doubtas to the status of their activities.”
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