CFTC Whistleblower Fund Improvement Act of 2023

Summary

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.  

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Timeline

1. 26 July 2023

   Introduced

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

   Source: IntroReferral

2. 26 July 2023

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 July 2023 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 July 2023

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 July 2023

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 July 2023

  Open at official source

Sponsors

• Chuck Grassley · R · Sponsor
• Maggie Hassan · D · Sponsor
• John Boozman · R · Sponsor
• Sen. Warnock, Raphael G. [D-GA] · D · Sponsor
• Susan Collins · R · Sponsor
• John Fetterman · D · Cosponsor
• · ssaf00 · Standing

Related records

• related to ← 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.