skip to main contentskip to popular page linksskip to main navigation links
Office Hours Program Social Security Calculator Translate this page into another language
photo of Mike Capuano Michael E. Capuano representing the 7th district of Massachusetts in the U.S. House of Representatives Go to the House of Representatives homepage
Visit Mike's video channel on YouTube Like Mike on Facebook

 

 Mike's Schedule Voting Record District Maps Register To Vote FAQ Site Map e-Updates


8,263 subscribers
Print Version-Reps. Frank and Capuano Introduce Legislation to Merge the SEC and CFTC

PRESS RELEASE

Reps. Frank and Capuano Introduce Legislation to Merge the SEC and CFTC

November 29, 2012

WASHINGTON – Congressman Barney Frank and Congressman Mike Capuano today introduced legislation which would merge the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

"The existence of a separate SEC and CFTC is the single largest structural defect in our regulatory system," said Frank. "Unfortunately, this is deeply rooted in major cultural, economic and political factors in America. Had we sought to merge those institutions in the overall financial reform bill, it would almost certainly have caused the defeat of that that legislation. Now that the basic policies have been adopted to cover security and derivatives regulation we can focus on the structural issue. I file this bill now because I believe it is time for this to be on the agenda of the next Congress."

“This is a common sense step in continuing to advance financial regulatory reform. Merging the SEC and the CFTC will consolidate the existing regulators to eliminate gaps that have put our financial system at risk,” stated Congressman Mike Capuano.

Frank is the Ranking Member of the House Financial Services Committee. Capuano is the Ranking Member of the Subcommittee on Oversight and Investigations of the House Financial Services Committee.

Contact: Alison M. Mills (Rep. Capuano) 617-621-6208
Contact: Harry Gural (Rep. Frank) 202-281-0670



8,263 subscribers

 

 

 

Home | About | Biography | Contact | Issues | Links | News | Schedules | Services

E-Updates | Site Map | Privacy Policy | Accessibility

110 First Street
Cambridge, MA 02141
P: (617) 621-6208
F: (617) 621-8628
Hours

Roxbury Community College
Campus Library
Room 211
Boston
Hours

Stetson Hall
Room 124
6 South Main Street
Randolph
Hours

  Constituent Services Click to close menu
  Casework and Constituent Assistance
  Citizenship/Naturalization Information
  Immigration Casework
  Ordering Flags Flown Over The Capitol
  Presidential Greetings
  Tours
  U.S. Service Academy Nominations
  Internship Programs
  Washington, D.C. Attractions
  Grants and Federal Domestic Assistance
  FAQs
  News and Multimedia Center Click to close menu
  e-Updates
  Recent Votes
  Press Items
  Video and Audio
  Photo Gallery
  Legislative Issues Click to close menu
  Mike on the Issues
  Recent Votes
  Mike's Voting Record
  Scorecards for Mike's Votes in Congress
  Legislation Sponsored by Mike
  Earmark Requests
  Committees and Caucuses
  Ethics Task Force
  Congressional Schedules Click to close menu
  Mike's Schedule
  House Floor Summary
  Weekly House Schedule
  Annual House Calendar
  Weekly Senate Schedule
  About The 7th District Click to close menu
  Maps
  Cities
  Demographics
  The 7th District Over the Years
  Nobel Prize Winners
  Interesting facts about Massachusetts
  Massachusetts Links
  Links Click to close menu
  Massachusetts Links
    State Government
    About the 7th District
    Arts, Culture and Attractions
    Chambers of Commerce
    Colleges and Universities
    Exploring Massachusetts
    Hospitals and Health Organizations
    Newspapers
    Sports

  Federal Government Links
    USA.gov - Official Government Portal
    Legislative Branch
    Executive Branch
    Judicial Branch
    Federal Agencies
    Kids' Pages
    Register to Vote
    Washington, D.C. Attractions
    Business Opportunities with the Government

  Links For Students
 
  Contact Mike Click to close menu
  District Office
  Washington, D.C. Office
  Office Hours Program
  Community Meetings
  E-mail Mike's Office