EHF16582 S.L.C.

114

TH

CONGRESS 2

D

S

ESSION

 

S.

 ll

To amend the Commodity Exchange Act to clarify which fees the Commodity Futures Trading Commission may assess and collect, and for other purposes.

IN THE SENATE OF THE UNITED STATES

 llllllllll

Ms. W 

 ARREN

(for herself and Mr. W 

 ARNER

) introduced the following bill;  which was read twice and referred to the Committee on

 llllllllll

A BILL

To amend the Commodity Exchange Act to clarify which fees the Commodity Futures Trading Commission may assess and collect, and for other purposes.

 Be it enacted by the Senate and House of Representa-

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tives of the United States of America in Congress assembled,

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SECTION 1. SHORT TITLE.

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This Act may be cited as the ‘‘Derivatives Oversight

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and Taxpayer Protection Act’’.

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EHF16582 S.L.C.

TITLE I—STRENGTHENING

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OVERSIGHT AND ENFORCEMENT

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SEC. 101. FEES TO RECOVER COSTS.

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(a) I

N

G

ENERAL

.—The Commodity Exchange Act is

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amended by inserting after section 10 (7 U.S.C. 17) the

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following:

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‘‘SEC. 11. FEES TO RECOVER COSTS.

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‘‘(a) R

ECOVERY OF

C

ERTAIN

C

OSTS OF

 A 

NNUAL

 A 

P

-

8

PROPRIATION

.—

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‘‘(1) I

N GENERAL

.—Effective beginning Octo-

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 ber 1, 2016, so as to recover the costs to the Fed-

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eral Government of the annual appropriation to the

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Commission by Congress, the Commission shall as-

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sess and collect fees under this subsection.

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‘‘(2) R

EQUIREMENTS

.—Subject to paragraph

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(3), the Commission may—

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‘‘(A) assess fees to recover the costs of the

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regulatory services provided by the Commission;

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and

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‘‘(B) assess fees from registered entities

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and persons registered under this Act.

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‘‘(3) S

ERVICE FEES

.—The Commission may as-

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sess fees to recover the costs of the following regu-

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latory services provided by the Commission:

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EHF16582 S.L.C.

‘‘(A) Designated contract market compli-

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ance examinations.

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‘‘(B) Foreign board of trade registration

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reviews.

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‘‘(C) Swap execution facility designation

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reviews.

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‘‘(D) Swap data repository registration re-

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 views.

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‘‘(E) Designated contract market designa-

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tion reviews.

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‘‘(F) Swap execution facility compliance

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examinations.

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‘‘(G) Swap data repository compliance re-

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 views.

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‘‘(H) Designated contract market contract

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review and approvals.

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‘‘(I) Swap execution facility contract re-

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 view and approvals.

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‘‘(J) Designated contract market contract

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certification and rule reviews.

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‘‘(K) Swap execution facility contract cer-

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tification and rule reviews.

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‘‘(L) Swap data repository rule reviews.

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‘‘(M) Reviews of mergers, transfers, and

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other action requests from designated contract

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