PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Agriculture.
Congressional Research Service
Version 00 · Introduced in House · Aug 2, 2013
Futures Investor Protection Act - Establishes the Futures Investor Protection Corporation (FIPC) as a nonprofit corporation, which shall be neither an agency nor establishment of the federal government.
Declares FIPC to be a membership corporation whose members comprise all persons registered as a futures commission merchant with the Commodity Futures Trading Commission (CFTC).
Grants FIPC all powers conferred upon the Security Investors Protection Corporation (SIPC). Sets forth FIPC corporate structure.
Showing the opening paragraphs of the official summary.
Requires FIPC to: (1) establish, and make deposits into and payments from a FIPC fund in the same manner in which SIPC has established and is authorized to make deposits into and payments from the SIPC fund; and (2) impose upon its membership assessments subject to the same rules that apply to imposition of assessments upon SIPC members.
Amends the Commodity Exchange Act to prescribe suitability rules governing a futures commission merchant's recommendations for a customer.
Grants the CFTC enforcement powers.
Directs the CFTC to review specified guidelines governing establishing account classes and determining the basis for pro rata shares (proof of claims guidelines).
People & committees
Rep. Capuano, Michael E. [D-MA-7] · D–MA
Legislative record
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Referred to the House Committee on Agriculture.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 12, 2025. Consult Congress.gov for the current record.
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