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The Commodity Futures Trading Commission is responding to the order of the United States District Court for the District of Columbia in Securities Industry and Financial Markets Association, et al. v. United States Commodity Futures Trading Commission remanding eight swaps-related rulemakings to the Commission to address what the court held to be inadequacies in the Commission’s consideration of costs and benefits, or its explanation of its consideration of costs and benefits, in those rulemakings.  The Commission's initial response:  (1) Supplemented the preambles to the remanded rulemakings by clarifying that the costs and benefits identified therein applied both to domestic swaps activities and activities outside the United States that are subject to the Commission’s swaps rules by operation of section 2(i) of the Commodity Exchange Act; and (2) solicited comments on whether there are cross-border costs or benefits associated with the remanded rules that differ from those associated with activities within the United States.  Following its review of the comments received, the Commission will publish a further response to the District Court remand order which would include any supplementation of or changes to its consideration of the costs and benefits of the relevant rules as set forth in the rule preambles.  The Commission will also consider whether to amend any of these rules in light of information developed in this process.