The House Committee on Agriculture has approved for consideration by the full House a bill that would reauthorize the Commodity Futures Trading Commission until fiscal year 2013. Among the amendments to the Commodity Exchange Act (CEA) contained in the bill are amendments to clarify and expand the CFTC’s authority over retail OTC foreign exchange transactions, including the creation of a new category of registrant, “retail foreign exchange dealers,” that would be subject to CFTC regulation. The amendments also would make clear that unlawful actions in principal-to-principal transactions (in addition to brokered transactions) are subject to the CFTC’s antifraud authority and would increase the minimum civil monetary penalties for a number of CEA violations. The bill also would extend the CFTC’s jurisdiction over so-called “significant price discovery contracts,” that would be designated as such by the CFTC based upon criteria set forth in the bill, that are traded on exempt commercial markets.