S2500-118

2. Commodity futures trading commission customer protection fund modifications Section 23(g) of the Commodity Exchange Act (7 U.S.C. 26(g)) is amended— in paragraph (2)(A), by striking subsection (a) and inserting subsection (b); and in paragraph (3)— in subparagraph (A), by striking $100,000,000 and inserting $300,000,000; in subparagraph (B), by striking subparagraph (A) and inserting clause (i); by redesignating subparagraphs (A) through (C) as clauses (i) through (iii), respectively, and indenting the clauses appropriately; in the matter preceding clause (i) (as so redesignated), by striking There shall be deposited into or credited to the Fund: and inserting the following: There shall be deposited in, or credited to, the Fund the following: by adding at the end the following: Any amounts contained in, deposited in, or credited to the Fund under subparagraph (A) may be transferred to a separate account in the Fund described in clause (ii), unless the balance of that separate account at the time the amounts are transferred exceeds $10,000,000. The separate account referred to in clause (i) shall be available to the Commission, without further appropriation or fiscal year limitation, for— the purpose described in subparagraph (B) of paragraph (2); and the funding of administrative and salary expenses necessary for personnel to carry out the activities described in subparagraphs (A) and (B) of that paragraph. Section 1(b) of Public Law 117–25 (135 Stat. 297; 136 Stat. 2133; 136 Stat. 2309) (as amended by section 301 of division HH of Public Law 117–328) is amended— in paragraph (3), by striking until and all that follows through the period at the end and inserting until expended.; and by striking paragraph (4). Section 23 of the Commodity Exchange Act (7 U.S.C. 26) is amended— in subsection (a)(5), by striking subsection (a) and inserting subsection (b); in subsection (c)(1)(B)(i)(III), by striking the Act each place it appears and inserting this Act; and in subsection (f)(3), by striking section 7064 and inserting section 706. (A)In generalThere shall be deposited in, or credited to, the Fund the following:; and (B)Separate account for education initiatives and administrative expenses(i)In generalAny amounts contained in, deposited in, or credited to the Fund under subparagraph (A) may be transferred to a separate account in the Fund described in clause (ii), unless the balance of that separate account at the time the amounts are transferred exceeds $10,000,000.(ii)Use of separate accountThe separate account referred to in clause (i) shall be available to the Commission, without further appropriation or fiscal year limitation, for—(I)the purpose described in subparagraph (B) of paragraph (2); and(II)the funding of administrative and salary expenses necessary for personnel to carry out the activities described in subparagraphs (A) and (B) of that paragraph..