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Commodity Futures Trading Commission Research and Development Modernization Act

12/31/2022, 5:08 AM

Summary of Bill HR 4337

Bill 117 HR 4337, also known as the Commodity Futures Trading Commission Research and Development Modernization Act, aims to update and modernize the research and development activities of the Commodity Futures Trading Commission (CFTC). The CFTC is responsible for regulating the commodity futures and options markets in the United States.

The bill seeks to enhance the CFTC's ability to conduct research and development activities by providing additional resources and tools. This includes funding for research projects, technology upgrades, and the hiring of specialized staff. The goal is to improve the CFTC's ability to monitor and regulate the rapidly evolving commodity markets.

Additionally, the bill includes provisions to promote collaboration between the CFTC and other government agencies, as well as industry stakeholders. This will help ensure that the CFTC has access to the latest information and expertise in the field of commodity trading. Overall, the Commodity Futures Trading Commission Research and Development Modernization Act is aimed at strengthening the CFTC's ability to fulfill its regulatory responsibilities in an increasingly complex and fast-paced market environment.

Congressional Summary of HR 4337

Commodity Futures Trading Commission Research and Development Modernization Act

This bill directs the Commodity Futures Trading Commission to establish and maintain research, development, demonstration, and information programs regarding emerging technologies and their application to commodities markets. The commission may establish research and development plans for such programs. The bill provides requirements for transactions and nonmonetary contributions related to such programs.

Current Status of Bill HR 4337

Bill HR 4337 is currently in the status of Bill Introduced since July 1, 2021. Bill HR 4337 was introduced during Congress 117 and was introduced to the House on July 1, 2021.  Bill HR 4337's most recent activity was Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. as of August 11, 2021

Bipartisan Support of Bill HR 4337

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4337

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 4337

To modernize the authority of the Commodity Futures Trading Commission to conduct research, development, demonstration, and information programs.
Commodity Futures Trading Commission Research and Development Modernization Act
Commodity Futures Trading Commission Research and Development Modernization Act

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