WASHINGTON – In anticipation of the 10th annual National Whistleblower Appreciation Day, Sen. Chuck Grassley (R-Iowa) and Rep. Zach Nunn (R-Iowa), along with Sen. Maggie Hassan (D-N.H.), are leading legislation to strengthen a whistleblower program at risk of collapsing under its own success. The CFTC Whistleblower Fund Improvement Act of 2023 – which builds off a Grassley-Hassan bill that became law last Congress – would ensure the Commodity Futures Trading Commission (CFTC) whistleblower program will function as intended and accommodate growing engagement.
“The CFTC whistleblower program should not be a victim of its own success. Without congressional action, the whistleblower reward fund could drain faster than it replenishes,” Grassley said. “Our bill would ensure the CFTC whistleblower office continues to promote accountability by making a stopgap fix permanent and strengthening the law that established it in the first place – and at zero cost to the taxpayer.”
“The CFTC relies on whistleblowers to identify fraud, and this information is absolutely critical to protecting consumers,” Nunn said. “Right now, though, the CFTC’s whistleblower program is ironically being hamstrung because it’s been too successful. Our bipartisan bill will make important changes to support whistleblowers without costing taxpayers a dime.”
“When whistleblowers bravely step forward, they are risking their careers in order to prevent wrongdoing and save taxpayer dollars,” Hassan said. “It is...
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