H.R. 4895: CFTC Reauthorization Act of 2019

CBO Score

$1.14 billion

Date of Report

Mon November 25th, 2019

CBO Report Details

Legislation Details

116th Congress

To reauthorize the Commodity Futures Trading Commission.

Sponsor: Rep. Collin Peterson — D — MN

Authorizes the appropriation of whatever amounts are necessary each year through 2025 for the operations of the Commodity Futures Trading Commission (CFTC). Under the bill, the CFTC would adopt new rules regarding digital commodities; require commodities exchanges, derivatives clearing organizations, and swap execution facilities to safeguard their data and periodically test their automated systems; expand enforcement to cover violations that occur outside the United States; expand whistleblower protections; and codify increased net worth, income, and portfolio standards for investors who wish to trade in certain sophisticated financial instruments including hedge funds.

View the full vote history of this bill on GovTrack.us.

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