Sponsors (2)
The bill speeds regulator guidance, testing, and private‑sector collaboration to help markets adopt new technologies while trading off increased procurement and conflict‑of‑interest risks plus potential uncertainty from time‑limited authorities.
Financial institutions and market participants will receive clearer guidance and education on emerging technologies and applicable CFTC rules, reducing compliance uncertainty and regulatory risk.
Financial institutions and taxpayers benefit from Commission-run R&D labs and pilot environments that let regulators test innovations and identify systemic and cybersecurity risks before wider market adoption.
Financial institutions gain faster access to private‑sector expertise and tools because allowance of other‑transaction authority and non‑monetary contributions can accelerate innovation work without requiring new appropriations.
Financial institutions and taxpayers could face perceived conflicts of interest or appearances of endorsement if controls over accepting non‑monetary contributions from private parties fail.
Taxpayers and financial institutions face increased risk of favoritism or reduced transparency because use of other‑transaction authority can bypass standard procurement competition and oversight.
Financial institutions and state governments may experience program discontinuity and planning uncertainty because the temporary authority to accept contributions and enter other transactions expires in 2031.
Based on analysis of 2 sections of legislative text.
Requires the CFTC to run ongoing R&D programs on emerging technologies, allows flexible "other transactions" and acceptance of outside resources to support them.
Introduced December 10, 2025 by Austin Scott · Last progress December 10, 2025
Requires the Commodity Futures Trading Commission (CFTC) to create and maintain ongoing research, development, demonstration, and information (R&D) programs to study emerging technologies and their effects on CFTC-regulated markets. It allows the CFTC to adopt a research plan, to use flexible agreement authority ("other transactions") for program work when standard contracting is not feasible, and to accept outside resources to support those activities.