In recent testimony before the House Committee on Agriculture, CFTC Chairman J. Christopher Giancarlo summarized the CFTC’s enforcement priorities and discussed ways to facilitate market-enhancing financial technology, cybersecurity and swaps reform. Giancarlo also outlined Project KISS, or “Keep it Simple Stupid” – an initiative meant to simplify and reduce the cost of CFTC regulations and practices – and the CFTC’s continued commitment to developing a position limits rule and the correct threshold for the de minimis exception. Giancarlo’s testimony provides valuable insight to fund managers into the regulator’s priorities and anticipated actions. This article reviews those portions of Giancarlo’s testimony most relevant to fund managers. For additional analysis of CFTC priorities and goals, see “WilmerHale Attorneys Detail 2016 CFTC Enforcement Actions and Potential Priorities Under Trump Administration” (Feb. 16, 2017).