H.R. 4935 · 118th Congress · House

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.

Active· Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Introduced
Jul 26, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.  

Action Timeline

4
  1. SEP 19, 2023Committee

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

  2. JUL 26, 2023IntroReferral

    Introduced in House

  3. JUL 26, 2023IntroReferral

    Introduced in House

  4. JUL 26, 2023IntroReferral

    Referred to the House Committee on Agriculture.

Committees

2

Commodity Markets, Digital Assets, and Rural Development Subcommittee

hsag22

Referred: Sep 19, 2023

Active

Agriculture Committee

hsag00

Referred: Jul 26, 2023

Active