,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dggj  ,,in ,,the ,,house ,,of  
,,representatives  ,october #ba1        
#bjai,mr4 ,baird 7for himself and ,mr4  
,harder of ,california7 introduced the  
following bill2 which was referred to   
the ,committee on ,agriculture  ,a      
,,bill  ,to revise and improve the      
advisory committees of the ,commodity   
,futures ,trading ,commission4  #a4     
,short title ,this ,act may be cited as 
the ,,cftc ,advisory ,committee         
,improvement ,act4  #b4 ,advisory       
committee changes ,section #b7;a77#ae7  
of the ,commodity ,exchange ,act 7#g    
,u4,s4,c4 #b7;a77#ae77 is amended to    
read as follows3  7#ae7 ,advisory       
committees  7,a7 ,establishment  7i7 ,in
 general ,the ,commission shall         
establish advisory committees to serve  
as vehicles for discussion and          
communication on matters related to the 
regulatory activities of the            
,commission4  7ii7 ,membership ,the     
,commission shall appoint to an advisory

 committee such members as the          
,commission finds appropriate to promote
 robust discussion of the subject matter
 before the advisory committee4 ,in     
appointing members to an advisory       
committee1 the ,commission shall seek to
 include a wide diversity of opinion and
 represent a broad cross-section of     
interests1 as applicable to the subject 
matter4  7,b7 ,activities ,the          
activities of an advisory committee     
shall include the following3 7i7 ,to    
hold public meetings at such intervals  
as necessary to carry out the functions 
of the advisory committee4  7ii7 ,to    
submit to the ,commission such reports  
and recommendations to the ,commission  
7including minority views1 if any7 as   
the advisory committee deems            
appropriate2 and  7iii7 ,to serve as a  
vehicle for discussion and communication
 on matters of concern to exchanges1    
firms1 end-users1 and regulators        
regarding the derivatives markets and   
their regulation by the ,commission4    

7,c7 ,reimbursement ,the members of each
 advisory committee shall be entitled to
 per diem and travel expense            
reimbursement by the ,commission4  7,d7 
,applicability of the ,federal ,advisory
 ,committee ,act ,an advisory committee 
shall be subject to the ,federal        
,advisory ,committee ,act 7#e ,u4,s4,c4 
,app474  4  #c4 ,transition rules       
,notwithstanding section #b7;a77#ae7 of 
the ,commodity ,exchange ,act1 the      
,commodity ,futures ,trading ,commission
 may permit an advisory committee that1 
as of the date of the enactment of this 
,act1 had a charter established by the  
,commission1 or that was established    
under such section as in effect before  
such date of enactment1 to continue to  
operate in accordance with the charter  
or in accordance with such predecessor  
section1 as the case may be1 until the  
charter is renewed or the sponsor of the
 advisory committee is changed1         
whichever occurs earlier4