arrow_back Back to App

CFTC Whistleblower Fund Boost: Increased Rewards and Consumer Education Funding

This law significantly increases the financial resources available for the Commodity Futures Trading Commission (CFTC) whistleblower program, raising the fund's maximum cap from $100 million to $300 million. This change allows for larger rewards for individuals reporting fraud in commodity markets, enhancing market integrity. Furthermore, it establishes a stable, dedicated account for consumer education and administrative costs, ensuring better protection for investors against unfair practices.
Key points
The cap on the Customer Protection Fund (used for whistleblower awards) is tripled, increasing from $100 million to $300 million.
A separate, permanently available account (up to $10 million) is created for public education initiatives and covering the administrative costs of the whistleblower program.
Funds allocated to the whistleblower program are now available indefinitely ('until expended'), ensuring long-term stability in combating financial fraud.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_2500
Sponsor: Sen. Grassley, Chuck [R-IA]
Process start date: 2023-07-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CFTC Whistleblower Fund Improvement Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2500.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

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 (used for whistleblower awards) is tripled, increasing from $100 million to $300 million.
  • A separate, permanently available account (up to $10 million) is created for public education initiatives and covering the administrative costs of the whistleblower program.
  • Funds allocated to the whistleblower program are now available indefinitely ('until expended'), ensuring long-term stability in combating financial fraud.
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 Sen. Grassley, Chuck [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Courts and Law