CFTC International Operational Improvements Act of 2026

119 HR 8180 IH: CFTC International Operational Improvements Act of 2026 U.S. House of Representatives 2026-04-02 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. 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. .