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Modernizing Financial Market Oversight: New Technologies and Security

This Act aims to modernize how the Commodity Futures Trading Commission (CFTC) researches and develops new technologies. This means citizens can expect better understanding and oversight of rapidly evolving financial markets, potentially increasing their security and stability. The Commission will be better equipped to respond to innovations like new trading forms or cybersecurity threats, protecting investors and market users.
Key points
The CFTC will research new technologies and their impact on markets, including cybersecurity and systemic risk.
The Commission will develop educational materials for citizens, producers, and market users regarding regulations and new technologies.
The CFTC gains new authority to collaborate with companies and accept non-monetary contributions (e.g., data access) for research, ensuring transparency and ethical guidelines.
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Introduced
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Additional Information
Print number: 119_HR_6598
Sponsor: Rep. Scott, Austin [R-GA-8]