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Increased Funds for Customer Protection and Financial Education

This bill increases the funds available to the Commodity Futures Trading Commission (CFTC) for customer protection and financial education. This means citizens can expect better support in case of financial market issues and more educational materials to help them understand investment rules and avoid scams. The changes aim to enhance financial security and consumer awareness.
Key points
The cap on the customer protection fund is raised from $100 million to $300 million, providing greater security for individuals participating in futures markets.
A separate account within the fund is established, allowing the CFTC to finance educational initiatives and cover administrative costs related to customer protection without additional budget limitations.
Changes to the whistleblower program rules may encourage more individuals to report financial market irregularities, contributing to greater transparency and safety.
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Expired
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Additional Information
Print number: 118_HR_4935
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2023-07-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4935.

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 2023-07-26.

What are the main provisions?

Key points include:

  • The cap on the customer protection fund is raised from $100 million to $300 million, providing greater security for individuals participating in futures markets.
  • A separate account within the fund is established, allowing the CFTC to finance educational initiatives and cover administrative costs related to customer protection without additional budget limitations.
  • Changes to the whistleblower program rules may encourage more individuals to report financial market irregularities, contributing to greater transparency and safety.
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. Nunn, Zachary [R-IA-3].

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 2025-12-25.

CATEGORIES

Economy