H.R. 8180

119 HR 8180 IH: CFTC International Operational Improvements Act of 2026
 U.S. House of Representatives
 2026-04-02
 text/xml
 EN
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 I  119th CONGRESS  2d Session  H. R. 8180  IN THE HOUSE OF REPRESENTATIVES   April 2, 2026   Mr. Mann  (for himself and  Mr. Figures ) introduced the following bill; which was referred to the  Committee on Agriculture    A BILL
To allow the Commodity Futures Trading Commission and certain authorities to exchange detailees on a temporary basis, and to allow resource-sharing from other Federal agencies.
1.
Short title
This Act may be cited as the   CFTC International Operational Improvements Act of 2026  .
2.
Foreign futures authority
(a)
In general
Section 1a(26) of the Commodity Exchange Act ( 7 U.S.C. 1a(26) ) is amended to read as follows:
(26)
Foreign futures authority
The term  foreign futures authority  means any foreign government, or any law enforcement authority, department, central bank, ministry, agency, governmental body, or regulatory organization empowered by a foreign government to administer, enforce, or prosecute a law, rule, or regulation relating to matters involving futures, options, swaps, or commodities, or any such authority, department, or agency of a political subdivision of a foreign government empowered to administer, enforce, or prosecute a law, rule, or regulation as it relates to such matters.
 .
(b)
Conforming amendment
Section 12(f) of such Act ( 7 U.S.C. 16(f) ) is amended—
(1)
in paragraph (1)—
(A)
by striking  futures or options  and inserting  futures, options, swaps, or commodities ; and
(B)
by striking  administers or enforces  and inserting  administers, enforces, or prosecutes ; and
(2)
in paragraph (2)(A), by striking  in futures and options  and inserting  in futures, options, swaps, or commodities .
3.
Detailing and resource-sharing
Section 2(a) of the Commodity Exchange Act ( 7 U.S.C. 2(a) ) is amended by adding at the end the following:
(16)
Assistance from Federal agencies
(A)
In general
The Commission may accept any assistance, including services, funds, facilities, and other support services as determined by the Commission, to effectuate the purposes and provisions of this Act, from any department or agency of the United States that is authorized under other law to provide the assistance.
(B)
Detail flexibility
When an employee from another department or agency is detailed to the Commission, the employee may be detailed on either a reimbursable or non-reimbursable basis, and such detail shall be without interruption or loss of civil service status or privilege.
(17)
Assistance from foreign governmental entities
(A)
In general
The Commission may—
(i)
accept details of officers or employees of a foreign futures authority or any department or agency of a foreign government, including a central bank or ministry, on a temporary basis as employees of the Commission pursuant to section 12(b) of this Act, or section 3101 or 3109 of title 5, United States Code; and
(ii)
detail officers or employees of the Commission to work on a temporary basis for an entity described in clause (i).
(B)
Reciprocity and reimbursement
(i)
Reciprocity not required
Assistance described in subparagraph (A) need not be provided on a reciprocal basis.
(ii)
Reimbursement
(I)
In general
The Commission may provide and accept assistance described in subparagraph (A) on a reimbursable or non-reimbursable basis, only in accordance with a written agreement between the Commission and the respective foreign governmental entity.
(II)
Form
A reimbursement to or from the Commission may be made in cash or in kind. The Commission shall credit a reimbursement received from a foreign governmental entity to the appropriate Commission appropriation, fund, or account.
(C)
Standards of conduct
An officer or employee detailed under subparagraph (A)(i) shall be subject to the provisions of law relating to ethics, conflicts of interest, or corruption, and to any other statute governing the standards of conduct for Commission employees that are applicable to the type of appointment.
(D)
Limitation
An officer or employee detailed under subparagraph (A)(i) may not hold any management position at the Commission.
 .