Rep. David Valadao, R-Calif., didn't seem to buy the CFTC's argument that it needs more money. (Bill Clark/CQ Roll Call File Photo)
The acting chairman of the Commodities Futures Trading Commission is asking for a funding bump above the White House’s fiscal 2018 proposal, a request being declined by Republican agriculture policymakers despite their endorsing the agency’s message of keeping a balance between regulatory enforcement and vibrant futures and derivatives markets.
California’s David Valadao, the No. 2 Republican on the House Agriculture Appropriations Subcommittee, brushed aside J. Christopher Giancarlo’s $281.5 million request for fiscal 2018 at a hearing on Thursday. Valadao, said the panel would focus on President Donald Trump’s fiscal 2018 request of $250 million.