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.
HR 4935 modifies the Commodity Futures Trading Commission's (CFTC) customer protection fund to increase the annual cap for education initiatives from $100 million to $300 million. It creates a separate account within the fund specifically for customer education programs and related administrative expenses, allowing the CFTC to use these funds without annual congressional approval or fiscal year limits. The bill ensures that transfers to this separate account cannot exceed $10 million in balance, preventing excessive accumulation. This directly affects how the CFTC manages and allocates resources for investor education and program administration.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 26, 2023
Last action Sep 19, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Sep 19, 2023
Committee
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
lower
Jul 26, 2023
Committee
Referred to the House Committee on Agriculture.
lower
Jul 26, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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