,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #faba  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #ad1 #bjah,mr4  
,au/9 ,scott ( ,georgia 7= himself1 ,mr4
 ,m>%all1 ,mr4 ,goodlatte1 & ,mr4 ,soto7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,agriculture  ,a     
,,bill  ,to mod]nize ! au?ority ( !     
,commodity ,futures ,trad+ ,commission  
to conduct rese>*1 developm5t1          
demon/ration1 & in=mation programs4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,commodity ,futures ,trad+ ,commission  
,rese>* & ,developm5t ,mod]nization     
,act4  #b4 ,mod]nization ( au?ority ( ! 
,commodity ,futures ,trad+ ,commission  
to conduct rese>*1 developm5t1          
demon/ration1 & in=mation programs      
,section #ah ( ! ,commodity ,ex*ange    
,act 7#g ,u4,s4,c4 #bb7 is am5d$ to read
 z foll[s3  #ah4 ,rese>*1 developm5t1 & 
demon/ration ( f9ancial te*nology  7a7  
,au?ority ,! ,commission %all e/abli% & 
ma9ta91 z "p ( its ongo+ op]ations1     
rese>*1 developm5t1 demon/ration1 &     

in=mation programs t fur!r ! purposes & 
objectives ( ?is ,act1 includ+ programs 
t--  7#a7 facilitate ! und]/&+ by !     
,commission ( em]g+ f9ancial1           
regulatory1 & compliance te*nologies1 ! 
pot5tial applications ( ! te*nologies to
 ! transactions & m>kets regulat$ by !  
,commission1 & associat$ implications = 
cyb]security1 data security1 & sy/emic  
risk2  7#b7 in=m ! ,commission (        
important te*nological advances &       
innovations affect+ m>kets regulat$ by !
 ,commission2  7#c7 provide an          
environm5t :]e te*nological advances &  
innovations may be explor$ by develop]s1
 pot5tial us]s1 & ! ,commission to      
evaluate pot5tial b5efits to !          
,commission & ! m>kets regulat$ by !    
,commission2  7#d7 id5tify areas :]e !  
,commission %\ld adapt its adm9i/ration 
( ?is ,act to facilitate te*nological   
advances & innovations t w\ld b5efit !  
m>kets regulat$ by ! ,commission2  7#e7 
improve ! adm9i/ration ( ?is ,act by !  
,commission by id5tify+ te*nological    

advances & innovations1 & develop+ novel
 tools t are n g5]ally available f      
traditional v5dors = use by !           
,commission1 or any division or (fice ( 
! ,commission2 &  7#f7 develop          
educational & o!r in=mational mat]ials  
reg>d+ d]ivatives trad+1 te*nological   
advances & innovations 9 m>kets regulat$
 by ! ,commission1 & applicable         
requirem5ts ( ?is ,act & ! regulations  
prescrib$ "u ?is ,act4  7b7 ,au?oriz$   
means ,not)/&+ any o!r provision ( law1 
! ,commission may d ! foll[+ to         
accompli% ! goals describ$ 9 subsection 
7a73  7#a7 ,o!r transaction au?ority ,! 
,commission may ent] into & p]=m a      
transaction 7o!r ?an a /&>d contract7 ) 
any ag5cy or in/rum5tality ( ! ,unit$   
,/ates1 or ) any ,/ate1 t]ritory1 or    
possession ( ! ,unit$ ,/ates1 or ) any  
political subdivision !re(1 or ) any    
p]son1 firm1 association1 corporation1  
educational in/itution1 self-regulatory 
organization1 =eign gov]nm5t1           
int]national organization or o!r entity1

 on su* t]ms & conditions z ! ,*airman (
 ! ,commission deems appropriate1 if--  
7,a7 ! transaction is only us$ = a goal 
describ$ 9 subsection 7a72  7,b7 !      
,commission endeavors to use a          
competitive process1 :]e appropriate1 :5
 det]m9+ ! p>ties to ! transaction2 &   
7,c7 ! ,*airman makes a writt5          
det]m9ation t us+ a /&>d contract to d s
 is ei!r n feasible or n appropriate4   
7#b7 ,gift acceptance au?ority  7,a7 ,9 
g5]al ,dur+ ! #e-ye> p]iod t beg9s ) !  
date ( ! enactm5t ( ?is section1 !      
,commission may solicit1 accept1 &      
utilize any contribution1 provision (   
access1 gift1 or donation ( tangible or 
intangible prop]ty or s]vice t !        
,*airman deems appropriate1 f any ag5cy 
or in/rum5tality ( ! ,unit$ ,/ates1 or  
any ,/ate1 t]ritory1 or possession ( !  
,unit$ ,/ates1 or any political         
subdivision !re(1 or any p]son1 firm1   
association1 corporation1 educational   
in/itution1 self-regulatory             
organization1 =eign gov]nm5t1           

int]national organization1 or o!r       
entity1 if--  7i7 ! prop]ty or s]vice is
 us$ only = a goal describ$ 9 subsection
 7a72 &  7ii7 ! ,*airman makes a writt5 
det]m9ation t accept+ ! contribution1   
provision ( access1 gift1 or donation is
 consi/5t ) fulfill+ ! goal1 & t us+ a  
/&>d contract or o!r transaction to d s 
is ei!r n feasible or n appropriate4    
7,b7 ,sunset ,! au?ority provid$ by     
subp>agraph 7,a7 may n be ex]cis$ on or 
aft] ,octob] #a1 #bjbc4  7c7 ,annual    
report ,n lat] ?an #fj days aft] ! end (
 ea* fiscal ye>1 ! ,commission %all     
submit to ! ,committee on ,agriculture1 
,nutrition1 & ,=e/ry ( ! ,s5ate & !     
,committee on ,agriculture ( ! ,h\se (  
,repres5tatives a report on all         
transactions ent]$ into1 & all          
contributions1 provisions ( access1     
gifts1 or donations accept$1 "u         
subsection 7b71 :i* %all describe !     
foll[+ ) respect to ea* su* transaction1
 contribution1 provision ( access1 gift1
 or donation3  7#a7 ,a brief description

 ( ! subject ( ! transaction1           
contribution1 provision ( access1 gift1 
or donation1 ) an explanation ( its     
pot5tial utility to ! ,commission or !  
m>kets regulat$ by ! ,commission1 & !   
/atus ( all relat$ projects4  7#b7 ,!   
reasons :y x 0 n feasible or appropriate
 to use a /&>d contract ) respect to t  
subject4  7#c7 ,9 ! case ( a transaction
 o!r ?an a contribution1 provision (    
access1 gift1 or donation1 an           
explanation ( ! ,commission's ef=ts to  
use a competitive process1 or ! reasons 
:y su* a process 0 n appropriate4  7#d7 
,a description ( all sums exp5d$ by !   
,commission 9 connection ) a transaction
 &1 if readily asc]ta9able1 ! value (   
any contribution1 provision ( access1   
gift1 or donation4  4