,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dfif  ,,in ,,the ,,house ,,of  
,,representatives  ,october #af1        
#bjai,mr4 ,bost 7for himself1 ,mr4 ,van 
,drew1 and ,mr4 ,austin ,scott of       
,georgia7 introduced the following bill2
 which was referred to the ,committee on
 ,agriculture  ,a ,,bill  ,to provide   
for cooperation between the ,commodity  
,futures ,trading ,commission and       
foreign regulators4  #a4 ,short title   
,this ,act may be cited as the          
,international ,regulatory ,cooperation 
,improvement ,act4  #b4 ,international  
regulatory cooperation  7a7 ,section    
#a;a7#bf7 of the ,commodity ,exchange   
,act 7#g ,u4,s4,c4 #a;a7#bf77 is amended
 by striking futures or options each    
place it appears and inserting futures1 
swaps1 or options44  7b7 ,clarification 
of meaning of foreign futures authority 
,section #h of such ,act 7#g ,u4,s4,c4  
#ab7 is amended by adding at the end the
 following3  7j7 ,for purposes of this  
section1 the term foreign futures       

authority includes any foreign authority
 that is empowered under foreign law to 
detect1 investigate1 or prosecute       
potential violations of law4  4  7c7    
,authority ,to provide food and         
incidental assistance to foreign guests 
hosted by the ,commission ,section      
#ab7;b7 of such ,act 7#g ,u4,s4,c4      
#af7;b77 is amended by adding at the end
 the following3  7#e7 ,the ,commission  
may incur expenses for consultations and
 meetings hosted by the ,commission with
 foreign governmental and other         
regulatory officials1 such expenses to  
include necessary logistic and          
administrative expenses and the expenses
 of ,commission staff and foreign       
invitees in attendance including3  7,a7 
meals2  7,b7 local travel and           
transportation2 and  7,c7 related       
incidental expenses4  4  7d7 ,transfer  
and acceptance of personnel ,section    
#b7;a7 of such ,act 7#g ,u4,s4,c4       
#b7;a77 is amended by adding at the end 
the following3  7#af7 ,assistance from  

federal agencies ,any department or     
agency of the ,united ,states may       
cooperate with and provide to the       
,commission1 any assistance1 including  
services1 funds1 facilities1 employees1 
and other support services as determined
 by the ,commission to effectuate the   
purposes and provisions of this ,act4   
,an employee from another department or 
agency of the ,united ,states may be    
detailed to the ,commission on a        
reimbursable or non-reimbursable basis1 
and the detail shall be without         
interruption or loss of civil service   
status or privilege4  7#ag7 ,assistance 
from foreign futures authorities1       
foreign government agencies1 foreign    
ministries1 foreign central banks1 or   
foreign persons  7,a7 ,in general ,the  
,commission may-- 7i7 retain or employ  
officers or employees of a foreign      
futures authority1 foreign government   
agency1 foreign ministry1 foreign       
central bank1 or foreign person on a    
temporary basis as employees of the     

,commission pursuant to section #ab7;b7 
of this ,act or section #caja or section
 #caji of title #e1 ,united ,states     
,code2 and  7ii7 detail officers or     
employees of the ,commission to work on 
a temporary basis for any such foreign  
entity4  7,b7 ,reciprocity and          
reimbursement  7i7 ,reciprocity not     
required ,assistance described in       
subparagraph 7,a7 need not be provided  
on a reciprocal basis4  7ii7 ,written   
agreement required ,the ,commission may 
provide and accept assistance described 
in subparagraph 7,a7 on a reimbursable  
or non-reimbursable basis1 only in      
accordance with a written agreement     
between the ,commission and the foreign 
entity involved4  7iii7 ,rules          
applicable to reimbursements  7,i7 ,form
 ,a reimbursement to1 or from or on     
behalf of1 the ,commission may be made  
in cash or in-kind4  7,,ii7 ,advance    
reimbursements ,the ,commission may     
provide an advance reimbursement to such
 a foreign entity1 and may accept an    

advance reimbursement from such a       
foreign entity4 ,such an advance        
reimbursement shall be available for the
 services and uses set forth in the     
applicable written agreement4  7,,iii7  
,use of reimbursements from foreign     
entities  7aa7 ,in general ,the         
,commission shall credit a reimbursement
 received from such a foreign entity to 
the appropriate ,commission             
appropriation1 fund1 or account1 subject
 to item 7bb74  7bb7 ,use of advance    
reimbursements ,the ,commission may use 
such an advance reimbursement for direct
 expenditure in lieu of making the      
credit required by item 7aa74  7,c7     
,standards of conduct ,an officer or    
employee employed under subparagraph    
7,a77i7 shall be subject to the         
provisions of law relating to ethics1   
conflicts of interest1 or corruption1   
and to any other statute governing the  
standards of conduct for ,commission    
employees that are applicable to the    
type of appointment for the duration of 

the appointment4  4