# 119-hr-6655: CFTC Charitable Organization Exemption Act of 2025

119-hr-6655, CFTC Charitable Organization Exemption Act of 2025, is a 119th Congress bill sponsored by Rep. McClain Delaney, April [D-MD-6] (D-MD); status in_committee; PRIA reads it as touching household money (as of 2026-11-03).

- Canonical: https://policyrisk.com/legislation/119-hr-6655
- As of: 2026-11-03
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6655
- Congress: 119
- Title: CFTC Charitable Organization Exemption Act of 2025
- Status: in_committee
- Introduced: 2025-12-11
- Sponsor: Rep. McClain Delaney, April [D-MD-6] (D-MD)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-11-03

## Summary

**Creates a targeted exemption letting certain charitable organizations act as commodity trading advisors or commodity pool operators without registering under the Commodity Exchange Act.** It ties the exemption to Investment Company Act definitions and specific excluded pools while keeping anti-fraud tools and disclosure rules in place. - Charitable organizations and their personnel would be exempt from CTA/CPO registration when their advisory or pool activities relate to the specified excluded entities under the Investment Company Act. They must provide disclosure consistent with section 7(e) of that Act. - Small CTAs that advised fewer than 15 persons in the prior 12 months and do not hold themselves out to the public would be exempt. CTAs that are registered with the Securities and Exchange Commission as investment advisers could also qualify if their business is not primarily acting as CTAs and they do not advise pools mainly trading commodity interests. - The bill preserves enforcement under section 14 and keeps securities law remedies for commodity pool securities. It defines "commodity interests" to include futures, options on futures, security futures, swaps, foreign exchange, spot and forward contracts, and monies held in a trading account.

## Cosponsors (1)

- Rep. Messmer, Mark B. [R-IN-8] (R-IN), 2025-12-11T00:00:00.000Z

## Provisions PRIA read

- Securities law protections preserved: benefit, medium. If enacted, nothing in this bill would remove duties or remedies under the federal securities laws. The Securities Act and Exchange Act would still apply to issuance, offer, purchase, sale, and reporting of commodity pool securities. The SEC and private parties would keep their existing rights for…
- Charities exempt from adviser rules: benefit, low. If enacted, charitable organizations would be exempt from registering as commodity trading advisers or pool operators when they advise only charities or related excluded investment vehicles. Trustees, directors, officers, employees, or volunteers acting in their duties would also be exempt in the s…
- New rules for commodity advisers: mixed, medium. If enacted, the bill would change who must register as commodity advisers. Small advisers would be exempt if they advised 15 or fewer people in the prior 12 months. They must not hold themselves out to the public as advisers. SEC-registered investment advisers would be exempt if advising on commodi…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-6655 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6655)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6655 (as of 2026-11-03).