Top Summary
The bill reduces the discretionary surplus fund amount specified under the Federal Reserve Act by $15,000,000, with the amendment taking effect on September 30, 2035, and includes provisions related to the registration of digital commodity intermediaries at the Commodity Futures Trading Commission.
Original Bill Text:
SEC. 315.Discretionary Surplus Fund.
(a) In general.—The dollar amount specified under section 7(a)(3)(A) of the Federal Reserve Act (12 U.S.C. 289(a)(3)(A)) is reduced by $15,000,000.
(b) Effective date.—The amendment made by subsection (a) shall take effect on September 30, 2035.
TITLE IV—Registration for Digital Commodity Intermediaries at the Commodity Futures Trading Commission