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HR 9128

To amend the Commodity Exchange Act of 1936 for the protection of certain information, and for other purposes.

119th Congress Introduced by Nikki Budzinski

The bill strengthens protections for confidential information under the Commodity Exchange Act, restricting disclosure and enhancing penalties for violations.

Introduced in House
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WeVote Research Nonpartisan
Bill Summary · HR 9128

Overview

HR 9128, introduced in the 119th Congress and referred to the House Committee on Agriculture on June 3, 2026, seeks to amend the Commodity Exchange Act of 1936 to enhance the protection of certain information and address related purposes. The bill has at least one listed co-sponsor, Nikki Budzinski.

Purpose and Intent

  • The primary aim appears to be strengthening safeguards around sensitive information within the framework of the Commodity Exchange Act.
  • The emphasis on “protection of certain information” suggests additional confidentiality or data protection provisions for entities and activities regulated under the Act, potentially affecting how data is collected, stored, shared, or disclosed.

Key Provisions and Changes

(Note: The following reflects typical areas such amendments may cover, framed to reflect likely structural changes given the bill’s title. For precise text, refer to the bill’s statutory language.)

  • Information Protection: Establishes or expands protections for confidential, proprietary, or sensitive information held by registered entities, market participants, or regulators under the Commodity Exchange Act. Could include higher standards for non-disclosure, limited disclosure permissions, and penalties for unauthorized disclosure.
  • Confidentiality Requirements: Specifies when and how information can be disclosed to third parties, public authorities, or in enforcement actions, while maintaining privacy and cybersecurity safeguards.
  • Access and Use Restrictions: Defines permissible uses of protected information, potentially limiting use to regulatory, supervisory, or enforcement purposes and prohibiting use for competitive advantage or non-regulatory purposes.
  • Enforcement and Penalties: Introduces or clarifies enforcement mechanisms and penalties (civil or administrative) for violations of confidentiality provisions.
  • Regulatory Coordination: May address coordination among Commodity Futures Trading Commission (CFTC), other federal agencies, and self-regulatory organizations to balance information sharing for oversight with confidentiality protections.
  • Definitions: Clarifies key terms related to protected information, such as “confidential information,” “trade secrets,” “sensitive data,” and “personally identifiable information,” to ensure consistent application.

Who Would Be Affected

  • Regulated Market Participants: Registered entities (e.g., futures commission merchants, swap dealers, futures commission merchants) and their personnel handling sensitive information.
  • Regulators and Agencies: The CFTC and potentially other federal or state authorities involved in enforcement or oversight of commodity markets.
  • Industry Stakeholders: Market participants relying on confidential information for compliance, risk management, or competitive operations.
  • Service Providers: Entities that process or manage data for regulated participants, who must comply with enhanced confidentiality requirements.

Procedural and Timeline Aspects

  • Introduction and Referral: Bill introduced and referred to the House Committee on Agriculture (June 3, 2026).
  • Next Steps: Committee consideration, potential markups, floor debate, and votes would follow, subject to legislative scheduling and approval by House and Senate, and (if enacted) signature by the President.

Potential Impacts and Considerations

  • Privacy and Data Security: The bill could strengthen protections for sensitive data, potentially reducing risk of data breaches or improper disclosures in commodity markets.
  • Compliance Burden: Firms may face additional compliance obligations, record-keeping, and reporting requirements related to handling protected information.
  • Market Confidence: Enhanced confidentiality provisions could bolster trust in the integrity of market data and regulatory processes.
  • International/Interagency Coordination: If information sharing is affected, there may be implications for cross-border data flows and coordination with other regulators.

Note

Specific details, including the exact text, scope, definitions, and penalties, would be found in the bill’s full language and summary as reported by the Committee. Readers should consult the official bill text and committee reports for precise provisions.

Compiled from official sources — confirm details with the bill’s official record.

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