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S. 409: A bill to provide for the availability of amounts for customer education initiatives and non-awards expenses of the Commodity Futures Trading Commission Whistleblower Program, and for other purposes.


The text of the bill below is as of Jun 18, 2021 (Preprint (Suspension)).


117TH CONGRESS
   1ST SESSION
                      S. 409

                     AN ACT
To provide for the availability of amounts for customer edu-
   cation initiatives and non-awards expenses of the Com-
   modity Futures Trading Commission Whistleblower Pro-
   gram, and for other purposes.

 1      Be it enacted by the Senate and House of Representa-
 2 tives of the United States of America in Congress assembled,

2 1 SECTION 1. COMMODITY FUTURES TRADING COMMISSION 2 WHISTLEBLOWER PROGRAM. 3 (a) IN GENERAL.—Notwithstanding any other provi- 4 sion of law, there is established in the Treasury a separate 5 account (referred to in this section as the ‘‘account’’), the 6 amounts in which shall be available for the sole purposes 7 of— 8 (1) carrying out the activities described in sec- 9 tion 23(g)(2)(B) of the Commodity Exchange Act (7 10 U.S.C. 26(g)(2)(B)) (referred to in this section as 11 ‘‘customer education initiatives’’); and 12 (2) funding the administrative, programmatic, 13 and personnel expenses of the Whistleblower Office 14 and the Office of Customer Education and Outreach 15 of the Commodity Futures Trading Commission (re- 16 ferred to in this section as the ‘‘Commission’’) in 17 carrying out section 23 of the Commodity Exchange 18 Act (7 U.S.C. 26) (referred to in this section as 19 ‘‘non-awards expenses’’). 20 (b) TRANSFERS FROM FUND INTO ACCOUNT.— 21 (1) IN GENERAL.—Notwithstanding any other 22 provision of law, the Commission shall transfer up to 23 $10,000,000 from the Commodity Futures Trading 24 Commission Customer Protection Fund established 25 under section 23(g)(1) of the Commodity Exchange † S 409 ES
3 1 Act (7 U.S.C. 26(g)(1)) (referred to in this section 2 as the ‘‘Fund’’) into the account. 3 (2) AVAILABILITY.—Amounts transferred under 4 paragraph (1) shall be available for obligation with- 5 out further appropriation and remain available until 6 October 1, 2022. 7 (3) REMAINING AMOUNTS.—Amounts remain- 8 ing in the account that are unobligated on October 9 1, 2022, shall be returned to the Fund. 10 (c) REQUIREMENT FOR OBLIGATIONS.—The Com- 11 mission may make obligations from the account only when 12 the unobligated balance of the Fund is insufficient to pay 13 non-awards expenses and expenses for customer education 14 initiatives due to awards that the Commission has ordered 15 under section 23(b) of the Commodity Exchange Act (7 16 U.S.C. 26(b)). 17 (d) REPORTS TO CONGRESS.—The Commission shall 18 include in each report required under section 23(g)(5) of 19 the Commodity Exchange Act (7 U.S.C. 26(g)(5)) the 20 same information with respect to the account as the Com- † S 409 ES
4 1 mission includes in the report with respect to the Fund, 2 to the extent the information is relevant to the account. Passed the Senate May 28 (legislative day, May 27), 2021. Attest: Secretary. † S 409 ES

117TH CONGRESS 1ST SESSION S. 409 AN ACT To provide for the availability of amounts for cus- tomer education initiatives and non-awards ex- penses of the Commodity Futures Trading Com- mission Whistleblower Program, and for other purposes.