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To amend the Commodity Exchange Act to adjust the period during which amounts transferred by the Commodity Futures Trading Commission to the account for customer education initiatives and non-awards expenses shall remain available, and for other purposes.

USA118th CongressHR-4935| House 
| Updated: 9/19/2023
Zachary Nunn

Zachary Nunn

Republican Representative

Iowa

Cosponsors (1)
Donald G. Davis (Democratic)

Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill makes modifications to the Commodity Futures Trading Commission Customer Protection Fund. The fund is used for whistleblower awards and customer education initiatives and is financed by monetary sanctions for commodities law violations. First, the bill raises the cap on the amount allowed to be deposited into the fund. The bill also permanently extends the availability of amounts set aside in an account for customer education initiatives and administrative expenses of the Commodity Futures Trading Commission's Office of Customer Education and Outreach and the Whistleblower Program. Currently, any amount remaining in this account as of October 1, 2024, must be returned to the fund.
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Timeline
Jul 26, 2023
Introduced in House
Jul 26, 2023
Referred to the House Committee on Agriculture.
Sep 19, 2023
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
  • July 26, 2023
    Introduced in House


  • July 26, 2023
    Referred to the House Committee on Agriculture.


  • September 19, 2023
    Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Finance and Financial Sector

Related Bills

  • S 118-2500: CFTC Whistleblower Fund Improvement Act of 2023
Commodity Futures Trading CommissionConsumer affairsEmployment discrimination and employee rights

To amend the Commodity Exchange Act to adjust the period during which amounts transferred by the Commodity Futures Trading Commission to the account for customer education initiatives and non-awards expenses shall remain available, and for other purposes.

USA118th CongressHR-4935| House 
| Updated: 9/19/2023
This bill makes modifications to the Commodity Futures Trading Commission Customer Protection Fund. The fund is used for whistleblower awards and customer education initiatives and is financed by monetary sanctions for commodities law violations. First, the bill raises the cap on the amount allowed to be deposited into the fund. The bill also permanently extends the availability of amounts set aside in an account for customer education initiatives and administrative expenses of the Commodity Futures Trading Commission's Office of Customer Education and Outreach and the Whistleblower Program. Currently, any amount remaining in this account as of October 1, 2024, must be returned to the fund.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 26, 2023
Introduced in House
Jul 26, 2023
Referred to the House Committee on Agriculture.
Sep 19, 2023
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
  • July 26, 2023
    Introduced in House


  • July 26, 2023
    Referred to the House Committee on Agriculture.


  • September 19, 2023
    Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Zachary Nunn

Zachary Nunn

Republican Representative

Iowa

Cosponsors (1)
Donald G. Davis (Democratic)

Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee

Finance and Financial Sector

Related Bills

  • S 118-2500: CFTC Whistleblower Fund Improvement Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Commodity Futures Trading CommissionConsumer affairsEmployment discrimination and employee rights