Congressman Lance Gooden (R-TX) Introduces Legislation to Reduce Risk & Protect Investors in Options Markets

WASHINGTON, D.C. – Congressman Lance Gooden (R-TX) introduced legislation that would require regulatory agencies to develop a framework that will better calculate and account for risk in the options markets. If passed, the Options Market Stability Act of 2019 (H.R. 4233) would significantly reduce the impacts of market volatility on everyday investors.

From Congressman Gooden:

“Recent options volatility has indicated the immediate need for adjustments to existing regulations over these markets. We cannot ask investors to stand by as government bureaucrats drag their feet to modernize outdated rules.

My legislation, the Options Market Stability Act of 2019, will require federal regulators to issue a final rule establishing a system to better calculate and account for risk in the options markets. The rules over our financial system must be accurate in their targeting and agile when change is needed.

I look forward to working with my colleagues on the House Financial Services Committee in a bipartisan way to bring about the modernization of this regulatory framework.”

From Ranking Member Patrick McHenry (R-NC):

“Committee Republicans are committed to supporting everyday investors as they save for retirement, their child’s education, or a home for their family. I am glad to see Congressman Gooden take action to modernize the regulatory framework for calculating risk in the options markets, which will provide stability and protection for these folks. I appreciate his leadership on the Financial Services Committee and his work in Congress to build on the gains Republicans have achieved for the American people.”