# 119-hr-7488: CFTC Office of the Chief Economist Act of 2026

119-hr-7488, CFTC Office of the Chief Economist Act of 2026, is a 119th Congress bill sponsored by Rep. Bresnahan, Robert P. [R-PA-8] (R-PA); status in_committee; PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/legislation/119-hr-7488
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7488
- Congress: 119
- Title: CFTC Office of the Chief Economist Act of 2026
- Status: in_committee
- Introduced: 2026-02-11
- Sponsor: Rep. Bresnahan, Robert P. [R-PA-8] (R-PA)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-11-01

## Summary

**Would create a formal Office of the Chief Economist at the Commodity Futures Trading Commission.** It would make the Chief Economist the Commission's economic advisor, centralize economic and regulatory cost-benefit analysis, and require that market liquidity be considered in Commission oversight. - Commission leaders would have a designated economic advisor and a standing office to run economic analysis, cost-benefit reviews, and related research for rulemaking. - The CFTC would be allowed to hire economists, research analysts, and data specialists under a hybrid staffing approach that permits some excepted-service appointments while keeping those roles in the competitive service. - Statutory language would change from "futures markets" to "markets under the jurisdiction of the Commission" and add an explicit requirement to consider market liquidity when evaluating markets.

## Cosponsors (2)

- Rep. McClain Delaney, April [D-MD-6] (D-MD), 2026-02-11T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-08-31T00:00:00.000Z

## Provisions PRIA read

- CFTC adds Chief Economist office: benefit, medium. If enacted, the bill would create an Office of the Chief Economist inside the Commodity Futures Trading Commission. The office would be led by a Chief Economist who would advise the Commission. The office would do economic analysis, regulatory cost‑benefit reviews, and research. These new analytic…
- CFTC hiring and liquidity rules: mixed, medium. If enacted, the bill would require certain CFTC duties to be done after coordinating with the Office of the Chief Economist. It would replace the phrase "futures markets" with "markets under the jurisdiction of the Commission" and add market liquidity to the list of matters the Commission must cons…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-2086: Rights for the TSA Workforce Act

## Sources
- [119-hr-7488 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7488)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-2086: Rights for the TSA Workforce Act](https://policyrisk.com/legislation/119-hr-2086)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7488 (as of 2026-11-01).