[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4935 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4935

 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 26, 2023

    Mr. Nunn of Iowa (for himself and Mr. Davis of North Carolina) 
 introduced the following bill; which was referred to the Committee on 
                              Agriculture

_______________________________________________________________________

                                 A BILL


 
 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. COMMODITY FUTURES TRADING COMMISSION CUSTOMER PROTECTION 
              FUND MODIFICATIONS.

    (a) Separate Account for Education Initiatives and Expenses.--
Section 23(g) of the Commodity Exchange Act (7 U.S.C. 26(g)) is 
amended--
            (1) in paragraph (2)(A), by striking ``subsection (a)'' and 
        inserting ``subsection (b)''; and
            (2) in paragraph (3)--
                    (A) in subparagraph (A), by striking 
                ``$100,000,000'' and inserting ``$300,000,000'';
                    (B) in subparagraph (B), by striking ``subparagraph 
                (A)'' and inserting ``clause (i)'';
                    (C) by redesignating subparagraphs (A) through (C) 
                as clauses (i) through (iii), respectively, and 
                indenting the clauses appropriately;
                    (D) in the matter preceding clause (i) (as so 
                redesignated), by striking ``There shall be deposited 
                into or credited to the Fund:'' and inserting the 
                following:
                    ``(A) In general.--There shall be deposited in, or 
                credited to, the Fund the following:''; and
                    (E) by adding at the end the following:
                    ``(B) Separate account for education initiatives 
                and administrative expenses.--
                            ``(i) In general.--Any amounts contained 
                        in, deposited in, or credited to the Fund under 
                        subparagraph (A) may be transferred to a 
                        separate account in the Fund described in 
                        clause (ii), unless the balance of that 
                        separate account at the time the amounts are 
                        transferred exceeds $10,000,000.
                            ``(ii) Use of separate account.--The 
                        separate account referred to in clause (i) 
                        shall be available to the Commission, without 
                        further appropriation or fiscal year 
                        limitation, for--
                                    ``(I) the purpose described in 
                                subparagraph (B) of paragraph (2); and
                                    ``(II) the funding of 
                                administrative and salary expenses 
                                necessary for personnel to carry out 
                                the activities described in 
                                subparagraphs (A) and (B) of that 
                                paragraph.''.
    (b) Commodity Futures Trading Commission Whistleblower Program.--
Section 1(b) of Public Law 117-25 (135 Stat. 297; 136 Stat. 2133; 136 
Stat. 2309) (as amended by section 301 of division HH of Public Law 
117-328) is amended--
            (1) in paragraph (3), by striking ``until'' and all that 
        follows through the period at the end and inserting ``until 
        expended.''; and
            (2) by striking paragraph (4).
    (c) Technical Corrections.--Section 23 of the Commodity Exchange 
Act (7 U.S.C. 26) is amended--
            (1) in subsection (a)(5), by striking ``subsection (a)'' 
        and inserting ``subsection (b)'';
            (2) in subsection (c)(1)(B)(i)(III), by striking ``the 
        Act'' each place it appears and inserting ``this Act''; and
            (3) in subsection (f)(3), by striking ``section 7064'' and 
        inserting ``section 706''.
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