CFTC International Operational Improvements Act of 2026
ihApr 20, 2026

CFTC International Operational Improvements Act of 2026

21 sections · 2 min read

Section 1. Short title

This Act may be cited as the CFTC International Operational Improvements Act of 2026.

(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.

(a) In general

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(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.

Section 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:

(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.

(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).

(i) Reciprocity not required

Assistance described in subparagraph (A) need not be provided on a reciprocal basis.

(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.

Section 3. Detailing and resource-sharing

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