Bill
Bill > S409
US S409
A bill to provide for the availability of amounts for customer education initiatives and non-awards expenses of the Commodity Futures Trading Commission Whistleblower Program, and for other purposes.
summary
Introduced
02/24/2021
02/24/2021
In Committee
02/24/2021
02/24/2021
Crossed Over
06/01/2021
06/01/2021
Passed
06/28/2021
06/28/2021
Dead
Signed/Enacted/Adopted
07/06/2021
07/06/2021
Introduced Session
117th Congress
Bill Summary
An Act To provide for the availability of amounts for customer education initiatives and non-awards expenses of the Commodity Futures Trading Commission Whistle- blower Program, and for other purposes.
AI Summary
This bill establishes a separate account in the Treasury to fund the Commodity Futures Trading Commission (CFTC) Whistleblower Program's customer education initiatives and non-awards expenses, such as administrative, programmatic, and personnel costs. The CFTC can transfer up to $10 million from the existing Commodity Futures Trading Commission Customer Protection Fund into this new account, and the funds will remain available until October 1, 2022. The CFTC can only make obligations from the account when the unobligated balance of the Customer Protection Fund is insufficient to cover the non-awards expenses and customer education initiatives due to awards ordered by the CFTC. The CFTC must include information about this new account in its required reports to Congress, similar to the information it provides on the Customer Protection Fund.
Committee Categories
Agriculture and Natural Resources
Sponsors (5)
Last Action
Became Public Law No: 117-25. (on 07/06/2021)
Official Document
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