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Support for Commodity Futures Whistleblower Program and Customer Education.

This new law establishes a dedicated account to fund the Commodity Futures Trading Commission's Whistleblower Program and customer education initiatives. This aims to protect consumers and ensure market stability by improving fraud detection and increasing financial literacy among citizens.
Key points
A special account is created to fund the whistleblower program for reporting misconduct in commodity markets.
Funds from this account will also support customer education initiatives to help prevent financial pitfalls.
Up to $10 million can be transferred from an existing customer protection fund to this new account.
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Became Law
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Additional Information
Print number: 117_S_409
Sponsor: Sen. Grassley, Chuck [R-IA]
Process start date: 2021-02-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_409.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-24.

What are the main provisions?

Key points include:

  • A special account is created to fund the whistleblower program for reporting misconduct in commodity markets.
  • Funds from this account will also support customer education initiatives to help prevent financial pitfalls.
  • Up to $10 million can be transferred from an existing customer protection fund to this new account.
What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Grassley, Chuck [R-IA].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 117-25.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Courts and Law