PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Congressional Research Service
Version 00 · Introduced in House · Jan 5, 2017
Futures Investor Protection Act
This bill establishes the Futures Investor Protection Corporation (FIPC) as a nonprofit membership corporation for all futures commission merchants registered with the Commodity Futures Trading Commission (CFTC). In general, the FIPC's powers and duties shall mirror those of the Security Investors Protection Corporation (the nonprofit membership corporation for registered broker-dealers).
In addition, the bill amends the Commodity Exchange Act to establish suitability rules with respect to recommendations by a futures commission merchant to a customer.
The CFTC must review certain guidelines regarding proof of claims, as specified by the bill.
People & committees
Rep. Capuano, Michael E. [D-MA-7] · D–MA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Referred to the House Committee on Agriculture.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 11, 2025. Consult Congress.gov for the current record.
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