washington commodity futures trade commission would strong police power derivatives market along boost budget legislation introduce u.s. congress wednesday bill introduce democrats elizabeth warren mark warner senate elijah cummings house representatives also would add new task regulator rulemaking agenda way make sure derivatives never lead financial crisis taxpayer bailouts put place clear rule strong oversight warren say statement bill likely fizzle republican-led congress could also become part year election fight relationship wall street washington frequently move center stage presidential congressional campaign democrats warren campaign party presumptive nominee hillary clinton regard dodd-frank wall street reform law pass 2007-09 financial crisis crucial prevent another massive meltdown law greatly expand cftc reach swap derivatives play key role breakdown bank firm also seek regulation say vulnerabilities persist financial system presumptive nominee republican party real estate developer television star donald trump want repeal dodd-frank many party say law go far dry liquidity freeze capital propose legislation give cftc stable fund stream tool necessary help deter future illegal act permit penalties large enough impact bottom line even large financial firm cummings say cftc currently fund annual appropriations congress unlike securities exchange commission back user fee fin cftc chair timothy massad seek change say millions dollars fund would help agency keep technology advancements market oversee high-powered defense team enforcement case republicans congress say fund process keep agency accountable elect leaders democrats bill would move cftc model sec would also put certain foreign exchange swap cftc jurisdiction change derivatives treat bankruptcy require post initial margin inter-affiliate swap require regulators review derivatives clearinghouses u.s. lawmakers seek money authority derivatives regulator