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CFTC Whistleblower Fund Improvement Act of 2023

USA118th CongressS-2500| Senate 
| Updated: 7/26/2023
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (5)
Margaret Wood Hassan (Democratic)John Boozman (Republican)John Fetterman (Democratic)Susan M. Collins (Republican)Raphael G. Warnock (Democratic)

Agriculture, Nutrition, and Forestry Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CFTC Whistleblower Fund Improvement Act of 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.
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Timeline
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
  • July 26, 2023
    Introduced in Senate


  • July 26, 2023
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Finance and Financial Sector

Related Bills

  • HR 118-4935: 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.
Commodity Futures Trading CommissionConsumer affairsEmployment discrimination and employee rights

CFTC Whistleblower Fund Improvement Act of 2023

USA118th CongressS-2500| Senate 
| Updated: 7/26/2023
CFTC Whistleblower Fund Improvement Act of 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 Senate
Jul 26, 2023
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
  • July 26, 2023
    Introduced in Senate


  • July 26, 2023
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (5)
Margaret Wood Hassan (Democratic)John Boozman (Republican)John Fetterman (Democratic)Susan M. Collins (Republican)Raphael G. Warnock (Democratic)

Agriculture, Nutrition, and Forestry Committee

Finance and Financial Sector

Related Bills

  • HR 118-4935: 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.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Commodity Futures Trading CommissionConsumer affairsEmployment discrimination and employee rights