114-hr-2474114th Congress

Wall Street Accountability through Sustainable Funding Act

Sponsored By: Representative DeLauro, Rosa L. [D-CT-3]

Unknown

Summary

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.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

DeLauro, Rosa L. [D-CT-3]

CT • D

Cosponsors

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 5/20/2015

  • Rep. Courtney, Joe [D-CT-2]

    CT • D

    Sponsored 5/20/2015

  • Rep. Waters, Maxine [D-CA-43]

    CA • D

    Sponsored 5/20/2015

  • Rep. Ellison, Keith [D-MN-5]

    MN • D

    Sponsored 5/20/2015

  • Rep. McGovern, James P. [D-MA-2]

    MA • D

    Sponsored 5/20/2015

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 5/20/2015

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 5/20/2015

  • LOUISE SLAUGHTER

    NY • D

    Sponsored 5/20/2015

  • Rep. Hastings, Alcee L. [D-FL-20]

    FL • D

    Sponsored 5/20/2015

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation