Financial markets today are global; a trade made in London or Singapore can instantly change the price of gas or food in the United States. Currently, the CFTC faces hurdles when trying to work closely with foreign regulators because of outdated definitions and restrictive hiring rules. If this bill becomes law, the CFTC can more quickly react to international financial crises by having their experts on the ground in foreign offices or bringing in foreign specialists who understand their own local market's quirks.

If the bill doesn't pass, the CFTC will continue to rely on slower, more formal channels to share information with other countries. This delay can be the difference between catching a market manipulator and letting them disappear with millions of dollars in illegal profits before U.S. authorities can even identify who they are.