The Commodity Markets Council provides policy statements to legislators, regulators, industry leaders, and the media, to help them better understand the impact policy can have on the efficient operation of markets.  CMC Policy Briefs are educational summaries of important policy issues that include an overview of CMC action, official statements, and general background.  CMC Policy Statements represent our official position.   

FINANCIAL REGULATION REFORM
CMC engages on a number of issues included in this broad legislation, but our focus remains policies centered on market-based principles that enhance transparency and ensure that U.S. futures markets continue to serve their price-discovery function.

CONVERGENCE
The Council draws on the expertise of our members to engage the Commodity Futures Trading Commission as well as our exchange members on issues related to convergence.  CMC also uses its seats on the CFTC's Ag Advisory Committee and CFTC's Subcommittee on Convergence to share our policy views.

TRANSACTION TAX
For over a decade, CMC has been a strong voice urging lawmakers to resist calls to impose a tax on the users of U.S. futures markets. 

60/40 TAX TREATMENT
The Council continues to educate lawmakers and staffers about the importance of preserving the policy balance struck in 1981 that established the 60/40 tax regime.  It was not enacated as a "tax break," but as part of a tax formula designed to preserve the role of the market maker after the imposition of the mark-to-market tax regime.  CMC urges lawmakers to oppose any proposal that would eliminate the 60/40 treatment but retain the mark-to-market rules.

CLIMATE CHANGE

FAS 133

CONSERVATION RESERVE PROGRAM

TRADE LIBERALIZATION