US Congress House Bill 2474 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 10)
Status: Introduced on May 20 2015 - 25% progression, died in committee
Action: 2015-06-08 - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Pending: House Commodity Exchanges, Energy, and Credit Committee
Text: Latest bill text (Introduced) [PDF]

Wall Street Accountability through Sustainable Funding Act This bill amends the Commodity Exchange Act to require the Commodity Futures Trading Commission (CFTC) to impose fees to recover the cost of the appropriation to the CFTC for the fiscal year. The fees must be imposed on each agreement, contract, or transaction that is a contract of sale of a commodity for future delivery, an option, or a swap. The CFTC may exempt contracts, agreements, or transactions from the fee if the exemption is consistent with: (1) the public interest; (2) the equal treatment of contract markets, derivatives clearing organizations, and market participants; and (3) the operation of a nationwide market system. The bill also establishes the Commodity Futures Trading Commission Reserve Fund in the Treasury and requires the CFTC to impose and collect an additional fee to be deposited into the Fund. The CFTC may obligate amounts in the Fund for long-term investments in information technology and unexpected expenses. The balance in the fund is limited to $50 million.

Wall Street Accountability through Sustainable Funding Act

Rep. Rosa DeLauro [D-CT]	Sen. Peter Welch [D-VT]	Rep. Joe Courtney [D-CT]	Rep. Maxine Waters [D-CA]
Rep. Keith Ellison [D-MN]	Rep. James McGovern [D-MA]	Rep. Eleanor Norton [D-DC]	Rep. Janice Schakowsky [D-IL]
Rep. Louise Slaughter [D-NY]	Rep. Alcee Hastings [D-FL]

Date	Chamber	Action
2015-06-08	House	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2015-05-20	House	Referred to the House Committee on Agriculture.
2015-05-20	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/2474/all-info
Text	https://www.congress.gov/114/bills/hr2474/BILLS-114hr2474ih.pdf