I 
116TH CONGRESS 
1ST SESSION H. R. 4696 
To provide for cooperation between the Commodity Futures Trading 
Commission and foreign regulators. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 16, 2019 
Mr. BOST (for himself, Mr. VAN DREW, and Mr. AUSTIN SCOTT of Georgia) 
introduced the following bill; which was referred to the Committee on Ag-
riculture 
A BILL 
To provide for cooperation between the Commodity Futures 
Trading Commission and foreign regulators. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘International Regu-
latory Cooperation Improvement Act’’. 
SEC. 2. INTERNATIONAL REGULATORY COOPERATION. 
(a) Section 1a(26) of the Commodity Exchange Act 
(7 U.S.C. 1a(26)) is amended by striking ‘‘futures or op-
tions’’ each place it appears and inserting ‘‘futures, swaps, 
or options.’’. 
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(b) CLARIFICATION OF MEANING OF FOREIGN FU-
TURES AUTHORITY.—Section 8 of such Act (7 U.S.C. 12) 
is amended by adding at the end the following: 
‘‘(j) For purposes of this section, the term ‘foreign 
futures authority’ includes any foreign authority that is 
empowered under foreign law to detect, investigate, or 
prosecute potential violations of law.’’. 
(c) AUTHORITY TO PROVIDE FOOD AND INCIDENTAL 
ASSISTANCE TO FOREIGN GUESTS HOSTED BY THE COM-
MISSION.—Section 12(b) of such Act (7 U.S.C. 16(b)) is 
amended by adding at the end the following: 
‘‘(5) The Commission may incur expenses for 
consultations and meetings hosted by the Commis-
sion with foreign governmental and other regulatory 
officials, such expenses to include necessary logistic 
and administrative expenses and the expenses of 
Commission staff and foreign invitees in attendance 
including: 
‘‘(A) meals; 
‘‘(B) local travel and transportation; and 
‘‘(C) related incidental expenses.’’. 
(d) TRANSFER AND ACCEPTANCE OF PERSONNEL.— 
Section 2(a) of such Act (7 U.S.C. 2(a)) is amended by 
adding at the end the following: 
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‘‘(16) ASSISTANCE
FROM
FEDERAL
AGEN-
CIES.—Any department or agency of the United 
States may cooperate with and provide to the Com-
mission, any assistance, including services, funds, fa-
cilities, employees, and other support services as de-
termined by the Commission to effectuate the pur-
poses and provisions of this Act. An employee from 
another department or agency of the United States 
may be detailed to the Commission on a reimburs-
able or non-reimbursable basis, and the detail shall 
be without interruption or loss of civil service status 
or privilege. 
‘‘(17) ASSISTANCE
FROM
FOREIGN
FUTURES 
AUTHORITIES, FOREIGN
GOVERNMENT
AGENCIES, 
FOREIGN MINISTRIES, FOREIGN CENTRAL BANKS, OR 
FOREIGN PERSONS.— 
‘‘(A) 
IN
GENERAL.—The 
Commission 
may— 
‘‘(i) retain or employ officers or em-
ployees of a foreign futures authority, for-
eign government agency, foreign ministry, 
foreign central bank, or foreign person on 
a temporary basis as employees of the 
Commission pursuant to section 12(b) of 
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this Act or section 3101 or section 3109 of 
title 5, United States Code; and 
‘‘(ii) detail officers or employees of 
the Commission to work on a temporary 
basis for any such foreign entity. 
‘‘(B) 
RECIPROCITY
AND
REIMBURSE-
MENT.— 
‘‘(i) RECIPROCITY NOT REQUIRED.— 
Assistance described in subparagraph (A) 
need not be provided on a reciprocal basis. 
‘‘(ii) 
WRITTEN
AGREEMENT
RE-
QUIRED.—The Commission may provide 
and accept assistance described in sub-
paragraph (A) on a reimbursable or non- 
reimbursable basis, only in accordance with 
a written agreement between the Commis-
sion and the foreign entity involved. 
‘‘(iii) RULES
APPLICABLE
TO
REIM-
BURSEMENTS.— 
‘‘(I) FORM.—A reimbursement 
to, or from or on behalf of, the Com-
mission may be made in cash or in- 
kind. 
‘‘(II) 
ADVANCE
REIMBURSE-
MENTS.—The Commission may pro-
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vide an advance reimbursement to 
such a foreign entity, and may accept 
an advance reimbursement from such 
a foreign entity. Such an advance re-
imbursement shall be available for the 
services and uses set forth in the ap-
plicable written agreement. 
‘‘(III) USE OF REIMBURSEMENTS 
FROM FOREIGN ENTITIES.— 
‘‘(aa) IN
GENERAL.—The 
Commission shall credit a reim-
bursement received from such a 
foreign entity to the appropriate 
Commission appropriation, fund, 
or account, subject to item (bb). 
‘‘(bb) USE OF ADVANCE RE-
IMBURSEMENTS.—The Commis-
sion may use such an advance re-
imbursement for direct expendi-
ture in lieu of making the credit 
required by item (aa). 
‘‘(C) STANDARDS OF CONDUCT.—An offi-
cer or employee employed under subparagraph 
(A)(i) shall be subject to the provisions of law 
relating to ethics, conflicts of interest, or cor-
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