The US Senate's Permanent Subcommittee on Investigations will examine position limits on commodity trades at an October 6 hearing, Senator Carl Leven, a Michigan Democrat and subcommittee chairman, said Wednesday.
The hearing will focus on speculation in commodities markets and the mandate under the Dodd-Frank Wall Street Reform and Consumer Protection Act to impose position limits in energy and other cosmmodity markets.
Commodity Futures Trading Commission Chairman Gary Gensler is scheduled to testify along with a panel of experts that has not been announced.
The CFTC was scheduled to vote on a final position limits rule next week, but that vote has been cancelled. It is the second time a meeting to consider the rule has been cancelled. Under Dodd-Frank, the CFTC was to have had position limits in place by January.
