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<bill bill-stage="Introduced-in-Senate" dms-id="A1" public-private="public" slc-id="S1-RYA21186-P36-X2-F0C"><metadata xmlns:dc="http://purl.org/dc/elements/1.1/">
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<dc:title>117 S409 IS: To amend the Commodity Exchange Act to modify the Commodity Futures Trading Commission Customer Protection Fund, and for other purposes.</dc:title>
<dc:publisher>U.S. Senate</dc:publisher>
<dc:date>2021-02-24</dc:date>
<dc:format>text/xml</dc:format>
<dc:language>EN</dc:language>
<dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
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<form>
<distribution-code display="yes">II</distribution-code><congress>117th CONGRESS</congress><session>1st Session</session><legis-num>S. 409</legis-num><current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber><action><action-date date="20210224">February 24, 2021</action-date><action-desc><sponsor name-id="S153">Mr. Grassley</sponsor> (for himself, <cosponsor name-id="S388">Ms. Hassan</cosponsor>, <cosponsor name-id="S376">Ms. Ernst</cosponsor>, and <cosponsor name-id="S354">Ms. Baldwin</cosponsor>) introduced the following bill; which was read twice and referred to the <committee-name committee-id="SSAF00">Committee on Agriculture, Nutrition, and Forestry</committee-name></action-desc></action><legis-type>A BILL</legis-type><official-title>To amend the Commodity Exchange Act to modify the Commodity Futures Trading Commission Customer Protection Fund, and for other purposes.</official-title></form><legis-body display-enacting-clause="yes-display-enacting-clause"><section section-type="section-one" id="idE7FEB75856D5493ABE72BD6A5915D55D"><enum>1.</enum><header>Commodity Futures Trading Commission Customer Protection Fund</header><text display-inline="no-display-inline">Section 23(g) of the Commodity Exchange Act (<external-xref legal-doc="usc" parsable-cite="usc/7/26">7 U.S.C. 26(g)</external-xref>) is amended—</text><paragraph id="idA19A7D9E73654B85843329B45F554C8C"><enum>(1)</enum><text>in paragraph (2)(A), by striking <quote>(a)</quote> and inserting <quote>(b)</quote>; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id81670E0727DE469EA75B26F7673135E1"><enum>(2)</enum><text>in paragraph (3)—</text><subparagraph commented="no" display-inline="no-display-inline" id="id704FF715587F421691D24BADC2F88AF3"><enum>(A)</enum><text>in subparagraph (A), by striking <quote>$100,000,000</quote> and inserting <quote>$150,000,000</quote>;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idD26B3606B179454199FED9E6EA6F435A"><enum>(B)</enum><text>by redesignating subparagraphs (A) through (C) as clauses (i) through (iii), respectively, and indenting appropriately;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id24E5B9B6FCFC4F9DA629660E97AAE87D"><enum>(C)</enum><text>in the matter preceding clause (i) (as so redesignated), by striking <quote>There shall</quote> and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idA6064F70635C4D0CAE521D0CC89A1595"><subparagraph id="id1C04DC259A1444BCA3A785F2871D9052"><enum>(A)</enum><header>In general</header><text>There shall</text></subparagraph><after-quoted-block>;</after-quoted-block></quoted-block></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id97148FB74BC64E89B10E571AC1AFBF3E"><enum>(D)</enum><text>in subparagraph (A)(ii) (as so designated), by striking <quote>subparagraph (A)</quote> and inserting <quote>clause (i)</quote>; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id4CC9A061EBB24A04BA842C9FE4F1CC39"><enum>(E)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idBC661D6ED024470692523CB60CDA0532"><subparagraph commented="no" display-inline="no-display-inline" id="idD5862EC951124C5A86CD99233A565E9C"><enum>(B)</enum><header>Separate account for education initiatives and administrative expenses</header><clause commented="no" display-inline="no-display-inline" id="id5CA460DE2297442F93DB78CAA86A7C85"><enum>(i)</enum><header>In general</header><text>Any amounts contained in, deposited into, or credited to the Fund under subparagraph (A) may be deposited into or credited to a separate account in the Fund described in clause (ii), unless the balance of the separate account at the time the amounts are deposited or credited exceeds $10,000,000.</text></clause><clause commented="no" display-inline="no-display-inline" id="idF5AF83D3FB9E4E2D83DC2911CF373CB5"><enum>(ii)</enum><header>Use of separate account</header><text>The separate account referred to in clause (i) shall be available to the Commission, without further appropriation or fiscal year limitation, for—</text><subclause commented="no" display-inline="no-display-inline" id="id0E10512E366F41BB842570CB6BF59038"><enum>(I)</enum><text>the purpose described in subparagraph (B) of paragraph (2); and </text></subclause><subclause commented="no" display-inline="no-display-inline" id="id53C5D25B948243A79404BC28D4FF6A51"><enum>(II)</enum><text>the funding of administrative and salary expenses necessary for personnel to carry out the activities described in subparagraphs (A) and (B) of that paragraph.</text></subclause></clause><clause commented="no" display-inline="no-display-inline" id="id3CB4EF060C4D4D64BA2756CB7EDAB153"><enum>(iii)</enum><header>Sunset</header><text>The authority to deposit amounts into, or credit amounts to, the separate account referred to in clause (i) shall expire on October 1, 2021, and any remaining unobligated balances in that separate account may be transferred at any time thereafter to the Fund.</text></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph></section></legis-body></bill> 

