Think Progress â The Commodity Futures Trading Commission (CFTC) is poised to vote on position limits for oil trading, but some senators are concerned that the rule will be too weak to diminish oil speculation. Sens. Bernie Sanders (I-VT) and Maria Cantwell (D-WA) both wrote letters to CFTC Commissioner Gary Gensler, asking him to take stronger steps to curb financial speculators like Goldman Sachs and Morgan Stanley…
Sen. Maria Cantwellâs (D-WA) letter to the CFTC goes into more detail about the ineffectiveness of the proposed rule. âI urge the Commission to drop the âconditional spot month position limitâ policy from the final âPosition Limits for Derivativesâ rule and treat the physically-settled and economically equivalent cast-settled âlook alikeâ contracts equally,â she wrote.
As one of the most beautiful states in the unionâand one of the richest in natural resourcesâWashington has a special interest in energy and environmental policy. And Maria has fought hard to uphold the stateâs conservation tradition, while also working to bring our energy policy into the 21st century.
Maria knows Washingtonâs business community â because, as an executive at an innovative software company, she was part of it. And as a Senator, sheâs led the way in helping businesses large and small throughout Washington grow, thrive, and create jobs.
Maria has taken a leadership role on safety and security issues, including defending our borders, strengthening our military, cracking down on gangs, and taking on drug crime in Washington communities
Middle-class families around Washington and across the country are facing tough timesâand tough decisions about balancing the family checkbook each month. Maria has fought to strengthen the economic security of Washington families and cut taxes for middle-class families.
