,i #aag? ,,congress #a/ ,session ,h4 ,r4 #dccg ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #a1 #bjba,mr4 ,au/9 ,scott ( ,georgia 7= himself & ,ms4 ,plaskett7 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 ( ! ,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>* & developm5t programs 7a7 ,programs ,! ,commission1 z "p ( its ongo+ op]ations1 %all e/abli% & ma9ta9 rese>*1 developm5t1 demon/ration1 & in=mation programs t fur!r ! purposes ( ?is ,act1 includ+ programs t-- 7#a7 facilitate ! und]/&+ by ! ,commission (-- 7,a7 em]g+ te*nologies1 te*nological advances1 & innovations2 7,b7 ) respect to ^? te*nologies1 te*nological advances1 & innovations1 ! pot5tial application to1 & effect on1 ! transactions & m>kets "u ! jurisdiction ( ! ,commission2 7,c7 associat$ implications = cyb]security1 data security1 & sy/emic risk2 & 7,d7 ! economics ( m>kets & m>ket p>ticipants by ! adm9i/ration ( ?is ,act2 7#b7 provide an environm5t :]e em]g+ te*nologies1 te*nological advances1 & innovations may be explor$ by ! ,commission ) develop]s & pot5tial us]s to evaluate pot5tial effects on ! ,commission & ! m>kets "u ! jurisdiction ( ! ,commission2 7#c7 id5tify areas :]e ! ,commission %\ld adapt its adm9i/ration ( ?is ,act 9 light ( em]g+ te*nologies1 te*nological advances1 & innovations to b5efit ! m>kets "u ! jurisdiction ( ! ,commission2 & 7#d7 develop educational & o!r in=mational mat]ials = dissem9ation & use among produc]s1 m>ket-us]s1 & ! g5]al public reg>d+-- 7,a7 ! activities1 products1 entities & m>kets regulat$ "u ?is ,act2 7,b7 em]g+ te*nologies1 te*nological advances1 & innovations 9 m>kets "u ! jurisdiction ( ! ,commission2 & 7,c7 applicable requirem5ts ( ?is ,act & ! regulations prescrib$ "u ?is ,act ) reg>d to ! subjects describ$ 9 subp>agraphs 7,a7 & 7,b74 7b7 ,rese>* & developm5t plan 7#a7 ,9 g5]al ,! ,commission may1 aft] notice & comm5t1 adopt a rese>* & developm5t plan = a program e/abli%$ "u subsection 7a74 7#b7 ,conditions ,a rese>* & developm5t plan adopt$ pursuant to p>agraph 7#a7 %all id5tify-- 7,a7 specific areas ( int]e/ to ! ,commission2 7,b7 pot5tial activities ! ,commission w und]take to inve/igate an area ( int]e/2 & 7,c7 ! means by :i* ! au?ority describ$ 9 subsection 7c7 w be us$ 9 ! applicable program e/abli%$ "u subsection 7a74 7c7 ,o!r transaction au?ority 7#a7 ,9 g5]al ,not)/&+ ! full & op5 competition requirem5ts "u *apt] #cc ( title #da1 ,unit$ ,/ates ,code1 ! ,commission may ent] into & p]=m a transaction 7o!r ?an a /&>d contract7 = ! purpose ( aid+ or facilitat+ ! programs & activities "u subsection 7a74 7#b7 ,conditions ,! ,commission may ent] into a transaction "u ?is subsection only if-- 7,a7 ! transaction is us$ only 9 fur!rance ( a rese>* & developm5t plan e/abli%$ "u subsection 7b72 7,b7 ! ,commission endeavors to use a competitive process1 :]e appropriate1 :5 det]m9+ ! p>ties to ! transaction2 & 7,c7 us+ a /&>d contract to d s is ei!r n feasible or n appropriate4 7#c7 ,policies ,! ,commission %all1 aft] notice & comm5t1 e/abli% & publi% writt5 policies sett+ =? ! mann] & crit]ia = utiliz+ ! au?ority provid$ by ?is subsection4 7d7 ,acceptance ( nonmonet>y contributions = rese>* & developm5t programs1 projects1 & activities 7#a7 ,def9ition ( cov]$ nonmonet>y contribution ,9 ?is subsection1 ! t]m cov]$ nonmonet>y contribution means a nonmonet>y contribution ( provision ( access1 use ( facilities1 p]sonal prop]ty1 or s]vices1 t is relat$ to-- 7,a7 %>+ ( rese>*1 data1 or o!r in=mation2 7,b7 public pres5tations2 or 7,c7 non-comm]cially available s]vices or sy/ems4 7#b7 ,au?orization ,! ,commission may accept & use1 on behalf ( ! ,unit$ ,/ates & 9 accordance ) ?is subsection1 any cov]$ nonmonet>y contribution4 7#c7 ,conditions 7,a7 ,9 g5]al ,a cov]$ nonmonet>y contribution may be accept$ pursuant to ?is subsection only if ! cov]$ nonmonet>y contribution is 9 fur!rance ( a rese>* & developm5t plan e/abli%$ "u subsection 7b74 7,b7 ,limitations ,! ,commission may n accept a cov]$ nonmonet>y contribution if-- 7i7 conditions inconsi/5t ) applicable laws or regulations apply to ! cov]$ nonmonet>y contribution2 7ii7 ! cov]$ nonmonet>y contribution is condition$ on1 or w require1 ! exp5diture ( appropriat$ funds n available to ! ,commission2 7iii7 us+ a /&>d contract or o!r transaction au?ority "u subsection 7c7 to acquire ! cov]$ nonmonet>y contribution is ei!r feasible or appropriate2 or 7iv7 acceptance ( ! cov]$ nonmonet>y contribution w\ld-- 7,i7 reflect unfavorably on ! ability ( ! ,commission to c>ry out its responsibilities or (ficial duties 9 a fair & objective mann]2 7,,ii7 compromise ! integrity or ! appe>ance ( ! integrity ( its programs or any (ficial involv$ 9 its programs2 or 7,,iii7 give ! endorsem5t or ! appe>ance ( ! endorsem5t by ! ,commission or ,commission /aff ( ! products1 s]vices1 activities1 or policies ( ! donor4 7,c7 ,solicitation prohibition 7i7 ,9 g5]al ,except z provid$ 9 clause 7ii71 a cov]$ nonmonet>y contribution may n be solicit$ by any ,commission]1 employee (1 or contractor at ! ,commission4 7ii7 ,exception ,a ,commission] or employee ( ! ,commission may solicit only a cov]$ nonmonet>y contribution describ$ 9 p>agraph 7#a77;,b74 7,d7 ,duration ,to ! ext5t applicable1 ! ,commission %all return any cov]$ nonmonet>y contribution accept$ pursuant to ?is subsection )9 #ij days aft] accept+ ! cov]$ nonmonet>y contribution4 7,e7 ,rules ,! ,commission %all1 aft] notice & comm5t1 e/abli% & publi% writt5 rules sett+ =? ! mann] & crit]ia to be us$ 9 det]m9+ :e!r a cov]$ nonmonet>y contribution meets ! conditions ( ?is p>agraph4 7#d7 ,disclosure ,)9 #cj days aft] accept+ a cov]$ nonmonet>y contribution pursuant to ?is subsection1 ! ,commission %all publi% 9 ! ,f$]al ,regi/] a notice detail+-- 7,a7 ! s\rce ( ! cov]$ nonmonet>y contribution2 7,b7 ! nature ( ! cov]$ nonmonet>y contribution2 7,c7 :e!r ! cov]$ nonmonet>y contribution 0 solicit$ pursuant to p>agraph 7#c77;,c77ii71 & if s1 by :om2 & 7,d7 ! means by :i* ! cov]$ nonmonet>y contribution meets ! conditions set =? 9 p>agraph 7#c74 7#e7 ,sunset ,! au?ority provid$ 9 ?is subsection may n be ex]cis$ on or aft] ,octob] #a1 #bjbe4 7e7 ,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]$ into "u subsection 7c7 & all cov]$ nonmonet>y contributions accept$ "u subsection 7d7 9 ! fiscal ye>1 :i* %all include ! foll[+3 7#a7 ,a brief description ( ! subject ( ea* su* transaction or cov]$ nonmonet>y contribution1 ) an explanation (-- 7,a7 ! pot5tial utility ( ! transaction or cov]$ nonmonet>y contribution to ! ,commission or ! m>kets regulat$ by ! ,commission2 7,b7 ! means by :i* ! transaction or cov]$ nonmonet>y contribution fulfills ! goals & objectives ( ! rese>* & developm5t plan e/abli%$ "u subsection 7b72 & 7,c7 ! /atus ( all relat$ projects4 7#b7 ,! in=mation requir$ to be publi%$ pursuant to subsection 7d77#d74 7#c7 ,a description ( all sums exp5d$ by ! ,commission 9 connection ) a transaction ent]$ into "u subsection 7c71 &1 if readily asc]ta9able1 ! value ( any cov]$ nonmonet>y contribution accept$ "u subsection 7d74 4