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Commodities Mark Passes Committee

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The Senate Agriculture Committee passed Chairman Pat Roberts' Mark to reauthorize the Commodity Futures Trading Commission (CFTC).
It passed in a 11-9 vote on party lines and was supported by many national and state ag groups.
Some of the additions of the CFTC is creating customer protections; mainly for farmers and ranchers who use derivatives and futures contracts to manage risk.
The minority Democrats released a statement criticizing the mark's lack of bipartisanship excluding its amendment that created a fee for services to banks and Wall Street.
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