A bill to amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to modify provisions relating to whistleblower incentives and protection, and for other purposes.
About This Bill
Committee
Latest Action · September 23, 2019
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Whistleblower Programs Improvement Act
This bill expands whistleblower protections with regard to commodities and securities law violations. Specifically, the bill extends protections from retaliation to individuals who (1) assist in a Commodity Futures Trading Commission (CFTC) or in a Securities and Exchange Commission (SEC) investigation of these violations, (2) make disclosures that are required or protected under any law subject to the CFTC's or the SEC's jurisdiction, or (3) provide information to supervisors or other employees with the authority to investigate potential misconduct. Currently, these protections apply only to individuals who report information directly to the CFTC or the SEC.
The bill also provides for the processing of these whistleblower awards no later than one year after the deadline to file a claim.
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