The Commodity Futures Trading Commission formally extended to December 31, 2019 the expiration of the current de minimis threshold requiring swaps registration. This amount is US $8 billion, and is now scheduled to be reduced to US $3 billion beginning January 1, 2020 absent CFTC action. Chairman J. Christopher Giancarlo and Commissioner Brian Quintenz voted in favor of the extension, while Commissioner Rostin Behnam voted against. (Click here for background in the article “CFTC Chairman Proposes to Again Postpone Final Action on Swap De Minimis Threshold; Suggests CFTC and SEC Already Working to Address Some Overlapping Rules” in the October 15, 2017 edition of Bridging the Week.)