washington u.s. senate agriculture committee thursday approve reauthorization commodity futures trade commission nearly three years legislative authority country commodities swap regulator expire head cftc timothy massad praise committee clear way full senate vote authorization commit continue work congress throughout process particularly make sure end-users like agricultural producers continue safely affordably use derivatives market ensure market generate excessive risk financial system say statement cftc operate year-by-year fund since end 2013 congress pass new authorization lawmakers say create uncertainty many market house representatives already approve similar bill republicans control senate say bill would allow farmers ranchers small energy providers use derivatives hedge operational cost without ensnare regulation intend prevent risky type swap deal contribute financial crisis bill allow anticipatory hedge management hedge serve risk management tool producers commercial end-users investment speculation say committee chairman pat roberts kansas still democratic senator sherrod brown ohio proponent strong wall street oversight say bill write would also benefit financial players clear bill help wall street traders big energy company like koch industries guise help farmers say massad major concern involve fund senior democrat committee debbie stabenow michigan seek add provision would create model back cftc similar use securities exchange commission offset taxpayer fund receive fee fin proposal include final bill fund language propose senator stabenow address fact federal financial regulator without form fee-based fund massad say republican john boozman arkansas say cftc budget chairman appropriations subcommittee financial service shoot idea describe fund tie fin bounty program senate committee approve authorization u.s. commodities regulator