S 2500 118th Congress Senate Finance and Financial Sector Commodity Futures Trading Commission Consumer affairs Employment discrimination and employee rights

CFTC Whistleblower Fund Improvement Act of 2023

Introduced: July 26, 2023 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 26, 2023

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Jul 26, 2023

Introduced in Senate

Plain-English summary Congressional Research Service

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.

What's happening now July 26, 2023

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Committees of jurisdiction 1