Us Congress 2023-2024 Regular Session

Us Congress House Bill HB4935

Introduced
7/26/23  
Refer
7/26/23  

Caption

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.

Impact

If passed, HB4935 would significantly impact how the CFTC manages its budget for consumer educational programs. By increasing the availability of transferred funds and establishing a separate account specifically aimed at educational initiatives and administrative expenses, the bill could improve resource allocation for educational outreach efforts. This amendment reflects a growing understanding of the importance of informed consumers in the trading market, potentially leading to more effective regulations and better protections for market participants.

Summary

House Bill 4935 aims to amend the Commodity Exchange Act, specifically targeting the adjustments surrounding the financing and allocation of funds managed by the Commodity Futures Trading Commission (CFTC). The bill proposes to extend the period during which the amounts transferred to the customer education initiatives and non-awards expenses account shall remain available for use. This flexibility in budget allocation is designed to enhance the effectiveness and reach of customer education programs, thus strengthening consumer protection in the commodity trading space.

Contention

While the bill is focused on enhancing the functionality of the CFTC's operations, it may face scrutiny regarding the transparency of fund allocation and the effectiveness of the educational initiatives supported by this expanded funding. Critics might argue that there should be stringent oversight mechanisms to ensure that the funds are utilized effectively and do not lead to misallocation or waste. The changes in funding mechanisms may also spark discussions about the prioritization of resources within the Commission and how these adjustments align with broader regulatory goals.

Companion Bills

US SB2500

Related CFTC Whistleblower Fund Improvement Act of 2023

Previously Filed As

US HB5059

To amend the Emergency Food Assistance Act of 1983 to allow certain States to directly purchase commodities, and for other purposes.

US HB4589

To amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms, and for other purposes.

US SB2578

A bill to amend the Emergency Food Assistance Act of 1983 to allow certain States to directly purchase commodities, and for other purposes.

US HB2608

To amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes.

US SB2354

Improving Agriculture, Research, Cultivation, Timber, and Indigenous Commodities (ARCTIC) Act

US HB4648

To amend the Securities Exchange Act of 1934 to provide for duties of certain investment advisors, asset managers, and pension funds with respect to voting on shareholder proposals, and for other purposes.

US HB4952

To amend title 10, United States Code, to establish the Office of Strategic Capital in the Office of the Secretary of Defense, and for other purposes.

US HB368

American Innovation Act of 2023 This bill revises the tax treatment of business start-up or organizational expenditures. Specifically, it allows an election to deduct such expenditures in an amount equal to the lesser of the aggregate amount of such expenditures incurred by an active trade of business, or $20,000, reduced by the amount by which such aggregate amount exceeds $120,000. The remaining amount of such expenditures shall be amortized over the 180 month period after the trade or business begins. The bill also revises the tax treatment of partnership syndication fees and start-up net operating losses and tax credits after an ownership change.

US HB4967

To amend the Internal Revenue Code of 1986 to allow for deductions for the performance of certain services by a taxpayer, and for other purposes.

US HB3138

To amend the Elementary and Secondary Education Act of 1965 to provide for additional activities, resources, and data collection with respect to English learners, and for other purposes.

Similar Bills

No similar bills found.