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Futures Markets: A Futures Transaction Fee Is Administratively Feasible

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Report Type Reports and Testimonies
Report Date Oct. 28, 1993
Report No. GGD-94-40
Subject
Summary:

Proposals to impose a futures transactions fee, which would be levied on contracts to buy commodities at a set price in the future, have been around for years. Generally, such fees were expected to generate enough money to cover the cost of all Commodity Futures Trading Commission (CFTC) oversight activities. GAO found that implementing a transaction fee is administratively feasible; such a fee, however, may not provide CFTC with enough money to oversee the futures markets unless it is earmarked for CFTC's use.

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