A measure to save the whistleblower program at the Commodity Futures Trading Commission (CFTC) was signed into law by President Joe Biden on Tuesday, providing enough funding to keep the program running through October 2022.
The law (S.409) sets aside $10 million from the existing CFTC Consumer Protection Fund to support the agency’s whistleblower program. The fund, into which the penalties and fines from enforcement actions are paid, is currently capped at $100 million. Any funds generated above the cap are sent to the U.S. Treasury. After Oct. 1, 2022—the first day of a new federal fiscal year—all the money in the new fund will be returned to the Consumer Protection Fund.
