,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #feih  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #aj1         
#bjbe,mr4 ,au/9 ,scott ( ,georgia 7=    
himself & ,ms4 ,mc,donald ,rivet7       
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 ,act ( #bjbe4 
#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 ( em]g+        
te*nologies1 te*nological advances1 &   
innovations & _! pot5tial application to
 & effect on ! transactions & m>kets "u 
! jurisdiction ( ! ,commission1 &       
associat$ implications = cyb]security1  
data security1 & sy/emic risk2  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   
entities1 & m>kets regulat$ "u or       

subject to ! requirem5ts ( ?is ,act2    
7,b7 em]g+ te*nologies1 te*nological    
advances1 & innovations 9 commodity or  
f9ancial m>kets2 &  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 by    
rule or by ord]1 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)/&+ !      
,(fice ( ,f$]al ,procurem5t ,policy ,act
 ( #aigd & ! ,competition 9 ,contract+  
,act1 ! ,commission may ent] into a     

transaction 7o!r ?an a 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 endeavor$ to use a          
competitive process1 :]e appropriate1 :5
 det]m9+ ! p>ties to ! transaction2 &   
7,c7 us+ a contract to d s is ei!r n    
feasible or n appropriate4  7#c7        
,policies ,! ,commission %all e/abli% & 
publi% writt5 policies sett+ =? ! mann] 
& crit]ia = utiliz+ ! au?ority provid$  
by ?is subsection4  7d7 ,acceptance (   
non-,monet>y contributions = rese>* &   
developm5t programs1 projects1 &        
activities  7#a7 ,au?orization ,!       
,commission may accept & use1 on behalf 
( ! ,unit$ ,/ates & 9 accordance ) ?is  
subsection1 any cov]$ non-monet>y       
contribution4  7#b7  ,conditions  7,a7  
,9 g5]al  ,a cov]$ non-monet>y          

contribution may be accept$ pursuant to 
?is subsection only if x is 9 fur!rance 
( a rese>* & developm5t plan adopt$ "u  
subsection 7b74  7,b7  ,limitations on  
solicitation & acceptance  ,!           
,commission 7includ+ any ,commission]1  
employee1 or contractor7 may n solicit  
or accept a cov]$ non-monet>y           
contribution if--  7i7 conditions       
inconsi/5t ) applicable laws or         
regulations apply to ! cov]$ non-monet>y
 contribution2  7ii7 ! cov]$ non-monet>y
 contribution is condition$ on1 or w    
require1 ! exp5diture ( appropriat$     
funds n available to ! ,commission2     
7iii7 us+ a contract or o!r transaction 
au?ority "u subsection 7c7 to acquire ! 
cov]$ non-monet>y contribution is ei!r  
feasible or appropriate2 or  7iv7 !     
solicitation or acceptance ( ! cov]$    
non-monet>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]1 or compromise ! 

integrity or ! appe>ance ( ! integrity (
 its programs or any (ficial involv$ 9  
its programs2 or  7,,ii7 give !         
endorsem5t or ! appe>ance ( ! endorsem5t
 by ! ,commission or ,commission /aff ( 
! products1 s]vices1 activities1 or     
policies ( ! p]son provid+ ! cov]$      
non-monet>y contribution4  7,c7         
,duration  ,to ! ext5t applicable1 !    
,commission %all return any cov]$       
non-monet>y contribution accept$        
pursuant to ?is subsection z soon z     
practicable aft] ! purpose = accept+ !  
cov]$ non-monet>y contribution has be5  
met4  7,d7  ,requirem5ts  ,! ,commission
 %all1 by rule or by ord]1 e/abli% &    
publi% writt5 requirem5ts sett+ =? !    
mann] & crit]ia to be us$ 9 det]m9+ :e!r
 a cov]$ non-monet>y contribution meets 
! conditions ( ?is p>agraph4  7#c7      
,disclosure  ,)9 #ad days ( agree+ to   
accept a cov]$ non-monet>y contribution 
pursuant to ?is subsection1 !           
,commission %all provide notice &       
details ( su* agreem5t to ! ,committee  

on ,agriculture ( ! ,h\se (             
,repres5tatives & ! ,committee on       
,agriculture1 ,nutrition1 & ,=e/ry ( !  
,s5ate4  7#d7  ,def9ition ( cov]$       
non-monet>y contribution  ,9 ?is        
subsection1 ! t]m cov]$ non-monet>y     
contribution means a non-monet>y        
contribution ( provision ( access1 use (
 facilities1 p]sonal prop]ty1 or s]vices
 t is relat$ to--  7,a7 %>+ ( rese>*1   
data1 or o!r in=mation2  7,b7 public    
pres5tations2 or  7,c7 noncomm]cially   
available s]vices or sy/ems4  7#e7      
,sunset ,! au?ority provid$ 9 ?is       
subsection may n be ex]cis$ on or aft]  
,octob] #a1 #bjca4  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]$ non-monet>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]$  
non-monet>y contribution1 ) 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 7b72 &  7,c7 ! /atus ( all   
relat$ projects4  7#b7 ,) respect to ea*
 cov]$ non-monet>y contribution1 a      
description (-- 7,a7 ! s\rce ( ! cov]$  
non-monet>y contribution2  7,b7 ! nature
 ( ! cov]$ non-monet>y contribution2 &  
7,c7 h[ ! cov]$ non-monet>y contribution
 meets ! conditions set =? 9 subsection 
7d77#b74  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]$ non-monet>y contribution    
accept$ "u subsection 7d74  4