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Office Locations
Washington D.C. Office
235 Cannon House Office Building
Washington, D.C. 20515Cullman District Office
205 Fourth Ave. NE, Ste 104
Cullman, AL 35055Serving Blount, Cullman, Lawrence and Marshall (City of Arab) Counties
Tuscumbia District Office
1011 George Wallace Blvd
Suite 146
Tuscumbia, AL 35674Serving Colbert, Franklin and Marion Counties
Gadsden District Office
107 Federal Building
600 Broad Street
Gadsden, AL 35901Serving Cherokee, DeKalb, Etowah, Jackson, Marshall (Excluding Arab) Counties
Jasper District Office
247 Carl Elliott Building
1710 Alabama Avenue
Jasper, AL 35501Serving Fayette, Lamar, Tuscaloosa, Walker and Winston Counties
Politico | House Subcommittee Chairman Skeptical of CFTC Budget Request
April 12, 2013 House Subcommittee Chairman Skeptical of CFTC Budget Request
By Zachary Warmbrodt | Politico | April 12, 2013
House Appropriations Agriculture Subcommittee Chairman Robert Aderholt is questioning "the taxpayers' return on investment" at the CFTC, which has requested a $315 million budget for next fiscal year. "While I realize that the commission is nearing a point where most rules under Dodd-Frank have been written, there still seems to be many questions about the overreach of some of these rules, and quite honestly the CFTC's focus on hiring additional staff seems disconnected to the reality that most activity under your purview is being conducted electronically," he said at a hearing today on the agency’s budget request. Aderholt’s skepticism is similar to that of CFTC Commissioner Scott O'Malia, who is testifying alongside CFTC Chairman Gary Gensler and arguing the budget request should have more of a focus on technology. Subcommittee ranking member Sam Farr opened the hearing by arguing in favor of the president's proposed 50 percent budget increase for the agency, saying, "The cost of fully funding the CFTC is minor. The cost of underfunding the CFTC is enormous. American taxpayers deserve this minor front-end investment at the CFTC to yield enormous long term returns."