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HR 4935 118th Congress House Finance and Financial Sector Commodity Futures Trading Commission Consumer affairs Employment 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.

Introduced: July 26, 2023 Introduced by: Nunn, Zachary Republican · Iowa See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2023
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Jul 26, 2023
Referred to the House Committee on Agriculture.
Jul 26, 2023
Introduced in House
 Plain-English summary Congressional Research Service

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.  

What's happening now September 19, 2023

Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

 Committees of jurisdiction 2