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To provide for a limitation on availability of funds for Independent Agencies, Commodity Futures Trading Commission for fiscal year 2024.

12/15/2023, 3:56 PM

Summary of Bill HR 2107

Bill 118 hr 2107, also known as the "Limitation on Availability of Funds for Independent Agencies, Commodity Futures Trading Commission for Fiscal Year 2024," aims to restrict the amount of funds that can be allocated to the Commodity Futures Trading Commission (CFTC) for the fiscal year 2024. The bill seeks to impose limitations on the availability of funds for the CFTC, which is an independent agency responsible for regulating the commodity futures and options markets in the United States.

The purpose of this limitation is not explicitly stated in the bill itself, but it is likely intended to control government spending and ensure that funds are allocated efficiently and effectively. By placing restrictions on the amount of funds that can be used by the CFTC, lawmakers may be seeking to prioritize other areas of government spending or to hold the agency accountable for its budgetary decisions.

It is important to note that this bill does not seek to eliminate funding for the CFTC entirely, but rather to place limitations on the availability of funds for the agency. This means that the CFTC will still receive funding, but the amount may be restricted or subject to certain conditions. Overall, Bill 118 hr 2107 represents an effort to control government spending and ensure that funds are allocated responsibly within the CFTC for the fiscal year 2024. It is important for lawmakers and citizens to closely monitor the implementation of this bill to ensure that the CFTC is able to fulfill its regulatory responsibilities effectively despite any limitations on funding.

Congressional Summary of HR 2107

This bill limits FY2024 funding for the Commodity Futures Trading Commission.

Current Status of Bill HR 2107

Bill HR 2107 is currently in the status of Bill Introduced since March 29, 2023. Bill HR 2107 was introduced during Congress 118 and was introduced to the House on March 29, 2023.  Bill HR 2107's most recent activity was Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development. as of April 28, 2023

Bipartisan Support of Bill HR 2107

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
10
Democrat Cosponsors
0
Republican Cosponsors
10
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2107

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2107

To provide for a limitation on availability of funds for Independent Agencies, Commodity Futures Trading Commission for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Commodity Futures Trading Commission for fiscal year 2024.

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