CFTC's New Spy System to Sniff Out Insider Threats in Bureaucracy
Published Date: 5/6/2026
Notice
Summary
The Commodity Futures Trading Commission (CFTC) is launching a new system called the Insider Risk Program Records to help spot and stop risks to people and info at the agency. This change affects anyone involved with the CFTC’s security and kicks in on June 15, 2026. You can share your thoughts by June 5, 2026, but no money changes hands here—just smarter safety moves!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
CFTC Will Collect Sensitive Personal Data
If you are a CFTC employee, contractor, or anyone who has or had access to CFTC facilities or networks, the CFTC's new Insider Risk Program will collect and keep many kinds of personal information. The list includes biometric data (fingerprints, iris scans), Social Security numbers, passport and driver license numbers, CCTV footage, user activity monitoring, drug test results, financial records from FinCEN, and other identifiers. This system goes into effect June 15, 2026.
Limits on Privacy Act Access and Amendment
The CFTC has exempted this system from several Privacy Act protections under 5 U.S.C. 552a(k)(2), including access, amendment, and notification provisions. That means individuals covered by the system (CFTC employees, contractors, and others with access) may have limited ability to see, correct, or be notified about records created by the Insider Risk Program; the agency will consider requests case-by-case.
Records May Be Shared Outside CFTC
The CFTC may disclose Insider Risk Program records outside the agency for stated routine uses, including to the Department of Justice and courts for litigation, to law enforcement for potential violations, to contractors or grantees working for the Commission, to the National Archives, to other federal agencies for breach response, to third parties with relevant information, and to the National Insider Threat Task Force for audits. These routine uses apply when the Commission determines disclosure is relevant and necessary.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-19290, Privacy Act Regulations
The Commodity Futures Trading Commission (CFTC) is reopening the comment period for its proposed Privacy Act rule changes, which affect how insider risk program records are handled. This gives everyone 10 more days, until October 1, 2026, to share their thoughts. No new costs or deadlines beyond this extension are involved, but it’s a key chance to weigh in on privacy protections.
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2026-05635, Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
Starting March 23, 2026, the SEC and CFTC are making it clear that some crypto assets and transactions must follow federal securities laws. This means crypto companies and investors need to play by new rules to keep things fair and safe. Expect more transparency and possible costs for compliance as the government steps up oversight in the crypto world.
2026-19338, Agency Information Collection Activities: Notice of Intent To Extend
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2026-18212, Clearing Requirement Determination Under Section 2(h) of the Commodity Exchange Act for Interest Rate Swaps To Account for CAD and MXN Interest Rate Benchmark Transitions
The Commodity Futures Trading Commission (Commission or CFTC) is amending its interest rate swap clearing requirement regulations under applicable provisions of the Commodity Exchange Act (CEA) to address the transition from the Canadian Dollar Offered Rate (CDOR) to the Canadian Overnight Repo Rate Average (CORRA), and the transition from the Mexican Interbank Equilibrium Interest Rate (la Tasa de Inter[eacute]s Interbancaria de Equilibrio, or TIIE by its Spanish acronym) to the TIIE Funding Rate (TIIE de Fondeo or F-TIIE), as benchmark reference rates for interest rate swaps denominated, respectively, in Canadian dollars (CAD) and Mexican pesos (MXN). These transitions are part of an ongoing global effort by market participants, benchmark administrators, regulators, and others to shift away from reliance on certain interbank offered rates (IBORs) that have become unavailable as benchmark reference rates and adopt alternative reference rates, which are predominantly overnight, nearly risk-free reference rates (RFRs). These amendments revise the set of interest rate swaps that are required to be submitted for clearing, pursuant to the CEA and the Commission's regulations, to a derivatives clearing organization (DCO) that is registered under the CEA (registered DCO) or a DCO that has been exempted from such registration (exempt DCO). The amendments modify the Commission's interest rate swap clearing requirement to reflect the market transitions from swaps referencing CAD CDOR and MXN TIIE to swaps referencing, respectively, CAD CORRA and MXN F-TIIE.
Previous / Next Documents
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U.S. Customs and Border Protection is asking to keep collecting info using forms 339A, 339C, and 339V, which help manage user fees. This affects businesses and travelers who pay these fees, and the government wants your feedback by June 5, 2026. No big changes or new costs are planned—just a smooth extension to keep things running.
Next: 2026-08980, Revision of Agency Information Collection Activity Under OMB Review: Critical Facility Information From the Top 100 Most Critical Pipeline Operators
The TSA is updating how it collects important security info from the top 100 pipeline operators to keep our pipelines safe and sound. This change affects those big pipeline companies and asks for feedback by June 5, 2026. No big costs are expected, but it helps TSA stay on top of pipeline security with smarter info gathering.