CFTC Whistleblower Fund Improvement Act of 2023
- Last Action
- 7/26/2023
Actions
- 2023-07-26Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 2023-07-26Introduced in Senate
CRS Summary
As of 2023-07-26 (00)
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.
Cosponsors (5)
- Maggie Hassan (D-NH)
- John Boozman (R-AR)
- Raphael Warnock (D-GA)
- Susan Collins (R-ME)
- John Fetterman (D-PA)
Subjects
- Commodity Futures Trading Commission
- Consumer affairs
- Employment discrimination and employee rights
Sourced from Congress.gov (public domain).
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