Warning: session_start(): open(/var/lib/php/session/sess_u1k7gbdrvve2tjcis66c3veib1, O_RDWR) failed: Permission denied (13) in /var/www/html/realclearpolitics.com/httpdocs/congressional_bill_tracker/app/application/mvc.php on line 3 Warning: file_get_contents(http://congress.api.sunlightfoundation.com/bills?apikey=f323a285321542e3925601990ef5c589&congress=114&bill_type=hr&number=2474&fields=versions,latest_version): failed to open stream: HTTP request failed! HTTP/1.1 504 Gateway Time-out in /var/www/html/realclearpolitics.com/httpdocs/congressional_bill_tracker/app/application/model.php on line 738 RCP Congressional Bill Tracker - H.R. 2474

CONGRESSIONAL BILL TRACKER

Track Members of Congress & Get Email Updates on Their Activity

H.R. 2474: Wall Street Accountability through Sustainable Funding Act

Title: Wall Street Accountability through Sustainable Funding Act

Introduced: May 20, 2015 (114th Congress)

Sponsor: (No First Name Found) (No Last Name Found) [-]

Status: Referred to Committee - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

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.

Votes

Warning: Unknown: open(/var/lib/php/session/sess_u1k7gbdrvve2tjcis66c3veib1, O_RDWR) failed: Permission denied (13) in Unknown on line 0 Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct (/var/lib/php/session) in Unknown on line 0