To provide that Commodity Futures Trading Commission employees may be paid on a par with employees of other government financial institutions.

Summary

Amends the Commodity Exchange Act to allow the Commodity Futures Trading Commission to appoint and fix the compensation of such officers, attorneys, economists, examiners, and other employees as may be necessary for carrying out its functions, and to set and adjust the rates of basic pay for all Commission employees. Authorizes the Commission to provide additional compensation and benefits to Commission employees if the same type of compensation or benefits are being provided by the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the National Credit Union Administration Board, the Federal Housing Finance Board, the Farm Credit Administration, and the Office of Thrift Supervision, or if not being provided, could be provided by such an agency. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to require the Commission, in establishing and adjusting compensation and benefits for Commission employees, to inform Congress and such agencies of such compensation and benefits, and to seek to maintain comparability with such agencies regarding compensation and benefits.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 April 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 25 April 2001

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• Introduced in House

  summary · EN · 25 April 2001

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