House Appropriations Committee
Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Subcommittee
Budget Hearing - Fiscal Year 2024 Request for the Commodity Futures Trading Commission
Witness:
- Rostin Behnam, Chairman, Commodity Futures Trading Commission
The Commission requests $411 million and 764 full-time equivalents (FTE) to operate the Commission and advance priority initiatives in FY 2024. This request is an increase of $46 million, or 12.6%, above the FY 2023 Enacted Budget and includes an additional 5 FTE, or 0.7%, above the FY 2023 Congressional Spend Plan.
The Chairman’s office provides leadership to the Climate Risk Unit (CRU) which continues to evaluate the role of derivatives in understanding, pricing, and mitigating climate-related risk, and supports the orderly transition to a low-carbon economy through market-based initiatives.