H.R. 1580 — To provide that Commodity Futures Trading Commission employees may be paid on a par with employees of other government financial institutions.

Summary

Amends the Commodity Exchange Act to allow the Commodity Futures Trading Commission to appoint and fix the compensation of such officers, attorneys, economists, examiners, and other employees as may be necessary for carrying out its functions, and to set and adjust the rates of basic pay for all Commission employees.

Authorizes the Commission to provide additional compensation and benefits to Commission employees if the same type of compensation or benefits are being provided by the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the National Credit Union Administration Board, the Federal Housing Finance Board, the Farm Credit Administration, and the Office of Thrift Supervision, or if not being provided, could be provided by such an agency.

Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to require the Commission, in establishing and adjusting compensation and benefits for Commission employees, to inform Congress and such agencies of such compensation and benefits, and to seek to maintain comparability with such agencies regarding compensation and benefits.

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Legislative Actions

2001-04-25
Introduced in House
2001-04-25
Introduced in House
2001-04-25
Referred to the Committee on Agriculture, and in addition to the Committee on Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-04-25
Referred to the Committee on Agriculture, and in addition to the Committee on Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-04-25
Referred to the Committee on Agriculture, and in addition to the Committee on Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-04-30
Referred to the Subcommittee on Farm Commodities and Risk Management.
2001-04-30
Referred to the Subcommittee on the Civil Service and Agency Organization.
2001-05-15
Executive Comment Requested from USDA.

To provide that Commodity Futures Trading Commission employees may be paid on a par with employees of other government financial institutions.

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