CFTC divided on user fee for regulated entities
Commission split on budget proposal to part-fund agency with fees
The US Commodity Futures Trading Commission (CFTC) budget is caught up in a Republican Party struggle to cut back the US government's oversight powers, which could mean higher costs and less direct regulation for the industry.
The new battle opened up on February 14 with the publication of the 2012 federal budget, which proposes a $308 million budget for the CFTC next year, $191 million of which will come from Congress and $117 million in the form of a user fee levied on regulated entities.
CFTC
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