,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #dece ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #bf1 #bjai,mr4 ,au/9 ,scott ( ,georgia 7= himself1 ,mr4 ,m>%all1 ,mr4 ,johnson ( ,s\? ,dakota1 ,mr4 ,craw=d1 & ,mr4 ,bo/7 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 use ! foll[+ au?orities = ! purpose ( aid+ or facilitat+ ! programs & activities "u subsection 7a73 7#a7 ,o!r transaction au?ority 7,a7 ,9 g5]al ,! ,commission may ent] into & p]=m a transaction 7o!r ?an a /&>d contract7 on su* t]ms & conditions z ! ,*airman ( ! ,commission deems appropriate4 7,b7 ,det]m9ation ,! ,commission may only ent] into a transaction "u ?is p>agraph if ! ,*airman makes a writt5 det]m9ation t-- 7i7 ! transaction is only us$ 9 fur!rance ( a rese>* & developm5t plan e/abli%$ "u subsection 7c77#a72 7ii7 ! transaction is execut$ 9 compliance ) ! guidance promulgat$ "u subsection 7c77#b72 7iii7 ! ,commission endeavor$ to use a competitive process1 :]e appropriate1 :5 det]m9+ ! p>ties to ! transaction2 & 7iv7 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 ,subject to ?is p>agraph1 ! ,commission may accept & use1 on behalf ( ! ,unit$ ,/ates1 any non-monet>y gift1 includ+ any provision ( access1 use ( facilities1 tangible or intangible p]sonal prop]ty1 or s]vices1 t is relat$ to-- 7i7 %>+ ( rese>*1 data1 or o!r in=mation2 7ii7 public pres5tations2 or 7iii7 non-comm]cially available s]vices or sy/ems4 7,b7 ,det]m9ation ,! ,commission may accept a gift only if ! ,*airman makes a writt5 det]m9ation t-- 7i7 ! acceptance & use ( ! gift meets ! requirem5ts ( ?is p>agraph2 7ii7 ! gift w be us$ only 9 fur!rance ( a rese>* & developm5t plan e/abli%$ "u subsection 7c77#a72 7iii7 ! gift is accept$ 9 compliance ) ! guidance promulgat$ "u subsection 7c77#b72 & 7iv7 us+ a /&>d contract or o!r transaction to acquire ! gift is ei!r n feasible or n appropriate4 7,c7 ,limitations ,! ,commission may n accept a gift if-- 7i7 conditions inconsi/5t ) applicable laws or regulations apply to ! gift2 or 7ii7 ! gift is condition$ on1 or w require1 ! exp5diture ( appropriat$ funds n available to ! ,commission4 7,d7 ,sunset ,! au?ority provid$ by subp>agraph 7,a7 may n be ex]cis$ on or aft] ,octob] #a1 #bjbd4 7c7 ,rese>* & developm5t plan2 guidance ,be=e us+ ! means au?oriz$ 9 subsection 7b71 ! ,commission %all-- 7#a7 approve a rese>* & developm5t plan t fur!rs ! goals ( ?is section1 by e/abli%+-- 7,a7 ! pot5tial areas ( int]e/ to ! ,commission2 7,b7 ! pot5tial activities ! ,commission may und]take to inve/igate ! pot5tial areas ( int]e/2 & 7,c7 a g5]al explanation ( h[ ! means w assi/ ! ,commission 9 und]/&+ ! pot5tial areas ( int]e/2 & 7#b7 promulgate guidance on ! appropriate use ( ! means 9 ord] to-- 7,a7 prohibit ! ,commission or ,commission /aff f accept+ or solicit+ gifts1 or engag+ 9 o!r transactions1 :i* w\ld unduly re/rict or int]f]e ) ! "w ( ! ,commission2 7,b7 prev5t ! endorsem5t or ! appe>ance ( ! endorsem5t by ! ,commission or ,commission /aff ( ! products1 s]vices1 activities1 or policies ( a donor or contractor2 & 7,c7 pres]ve ! integrity & indep5d5ce ( ! ,commission & ,commission /aff4 7d7 ,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 gifts accept$1 "u subsection 7b7 9 ! fiscal ye>1 :i* %all include ! foll[+3 7#a7 ,a brief description ( ! subject ( ea* transaction or gift1 ) an explanation (-- 7,a7 its pot5tial utility to ! ,commission or ! m>kets regulat$ by ! ,commission2 7,b7 h[ x fulfills ! goals & objectives ( ! rese>* & developm5t plan e/abli%$ "u subsection 7c77#a72 & 7,c7 ! /atus ( all relat$ projects4 7#b7 ,! writt5 det]m9ation requir$ by subsection 7b7 ) respect to ea* su* transaction or gift4 7#c7 ,a description ( all sums exp5d$ by ! ,commission 9 connection ) a transaction ent]$ into "u subsection 7b77#a71 &1 if readily asc]ta9able1 ! value ( any gift accept$ "u subsection 7b77#b74 4