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Limiting Funds for Commodity Futures Trading Commission in 2024

This bill proposes to limit the funding for the Commodity Futures Trading Commission (CFTC) for fiscal year 2024. This means the agency responsible for overseeing financial markets, such as futures contracts, will have a maximum of $268 million available. This could impact the agency's ability to monitor and enforce regulations, indirectly affecting the security of investments and the stability of markets where citizens might place their savings.
Key points
The bill sets a maximum spending limit of $268 million for the Commodity Futures Trading Commission (CFTC) for fiscal year 2024.
This budget limitation may affect the CFTC's ability to oversee financial markets and protect investors.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2107
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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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

To provide for a limitation on availability of funds for Independent Agencies, Commodity Futures Trading Commission for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2107.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • The bill sets a maximum spending limit of $268 million for the Commodity Futures Trading Commission (CFTC) for fiscal year 2024.
  • This budget limitation may affect the CFTC's ability to oversee financial markets and protect investors.
What is the specific legal status?

The current status is Expired.

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 Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy