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This bill requires the Department of Agriculture to treat a soybean crop as an eligible crop for payments under the Market Facilitation Program (MFP) if market conditions have discouraged or prevented a producer of a soybean crop from harvesting the crop or entering the crop into the stream of commerce. (The MFP provides payments to producers with commodities that have been significantly impacted by actions of foreign governments resulting in the loss of traditional exports.)

This bill allows the Commodities and Futures Trading Commission (CFTC) to consider certain property as customer property for purposes of distribution priority in the event of bankruptcy of a commodities broker. Specifically, the CFTC may provide by rule that cash, securities, or other property including trading or operating accounts of the broker and commodities held in inventory by the broker are considered customer property, but only if other customer property is insufficient to satisfy the net equity claims of public customers.

Commodity Futures Trading Commission Research and Development Modernization Act This bill modifies requirements applicable to the Commodity Futures Trading Commission regarding research and development projects related to financial technologies as they apply to commodities markets. Specifically, the commission may enter into transactions or accept gifts to carry out these purposes. The commission must report annually on each transaction or gift.

U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2019 This bill directs the Commodity Futures Trading Commission to report on virtual currency markets and U.S. competitiveness.

This bill provides for data collection by the Commodity Futures Trading Commission (CFTC) regarding virtual currency derivatives. Specifically, a board of trade, contract market, or a swap execution facility that trades a contract or swap referencing a virtual currency must have (1) access to all trade and trader data regarding that virtual currency, and (2) the capability to provide that data to the CFTC upon request.

This bill raises the borrowing limit of the Commodity Credit Corporation from $30 billion to $68 billion.

This bill generally exempts charitable organizations from commodity trading regulations and registration requirements.

American Agriculture First Act This bill requires the Agricultural Marketing Service (AMS) to purchase at least 75% of the agricultural commodities of the Food Purchase and Distribution Program from domestically owned enterprises if it is necessary to respond to trade damage from retaliation by foreign nations with respect to agricultural commodities. The requirement does not apply if the Department of Agriculture reports to Congress that meeting the requirement * is not possible because the agricultural commodities available from domestically owned enterprises cannot meet the supply needs of the AMS; or * would result in a greater than 150% increase between (1) the amount necessary to purchase the agricultural commodities, and (2) the average cost of the agricultural commodities purchased by the AMS in the prior 3 years. The authority provided by this bill expires on September 30, 2023.

American Agriculture First Act This bill requires the Agricultural Marketing Service (AMS) to purchase at least 75% of an agricultural commodity for the Food Purchase and Distribution Program from domestically owned enterprises if it is necessary to respond to trade damage from retaliation by foreign nations with respect to the agricultural commodity. The requirement does not apply if the Department of Agriculture reports to Congress that meeting the requirement * is not possible because the quantity of the agricultural commodity available from domestically owned enterprises cannot meet the supply needs of the AMS; or * would result in a greater than 150% increase between the amount necessary to purchase the agricultural commodity, and the average cost of the agricultural commodity purchased by the AMS in the prior three years. The authority provided by this bill expires on September 30, 2023.

This bill generally exempts charitable organizations from commodity trading regulations and registration requirements.

This bill increases the borrowing authority limit of the Commodity Credit Corporation and indexes this limit to inflation.

Modernizing Agricultural Transportation Act This bill directs the Department of Transportation to establish a working group to (1) identify obstacles to safe, humane, and market-efficient transport of livestock, insects, and agricultural commodities; and (2) develop guidelines and recommended regulatory or legislative actions to improve the safe, humane, and efficient transport of livestock, insects, and agricultural commodities.

Modernizing Agricultural Transportation Act This bill directs the Department of Transportation to establish a working group to (1) identify obstacles to safe, humane, and market-efficient transport of livestock, insects, and agricultural commodities; and (2) develop guidelines and recommended regulatory or legislative actions to improve the safe, humane, and efficient transport of livestock, insects, and agricultural commodities.

Virtual Currency Consumer Protection Act of 2019 This bill directs the Commodity Futures Trading Commission to report on the potential for price manipulation in virtual currency markets.

This bill generally limits disclosure by the Commodity Futures Trading Commission of proprietary information belonging to a commodity trading advisor or commodity pool operator. However, the bill does not authorize the commission to withhold such information from law enforcement, government agencies, or Congress.

This bill addresses the application of privileged information protections to information provided to and provided by the Commodity Futures Trading Commission (CFTC). Specifically, certain privileges are not waived by the CFTC upon providing commodity exchange information in accordance with provisions regarding disclosures to the public, Congress, federal and state authorities, and specified foreign authorities. Additionally, the CFTC may not be compelled to disclose certain privileged information obtained from a foreign futures authority. Furthermore, certain entities will not be considered to have waived privilege upon providing information to the CFTC.

This bill establishes at the Commodity Futures Trading Commission an Office of Minority and Women Inclusion and an internship program.

CFTC Cost-Benefit Analysis Improvement Act This bill generally revises the cost-benefit analysis requirements for the Commodity Futures Trading Commission (CFTC). It establishes in the CFTC the Office of the Chief Economist. The office must perform the cost-benefit analyses of proposed CFTC regulations and orders. Additionally, such cost-benefit analyses must consider, among other things, the impact of market liquidity on relevant markets, available alternatives to direct regulation, and the cost of compliance for all regulated entities. A court must affirm such cost-benefit analyses, unless it finds an abuse of discretion.

Buy American Agriculture Act This bill requires the Department of Agriculture's Agricultural Marketing Service to purchase agricultural commodities and seafood under the Food Purchase and Distribution Program only from domestically owned enterprises. The bill includes exceptions if applying the requirement * would be inconsistent with the public interest, * is not possible because the domestically produced products are not available in sufficient quantities or in a satisfactory quality, or * would result in cost increase of more than 25% compared to the previous year.

This bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities and commodities ownership. Additionally, the bill finalizes the Federal Reserve Board's proposed rule published September 30, 2016, regarding physical commodity trading activities conducted by financial holding companies.

Cuba Agricultural Exports Act This bill exempts from prohibitions against U.S. assistance to Cuba (1) any exports under the market access program, the export credit guarantee program, or the foreign market development cooperator program; and (2) any obligation or expenditure of funds to promote trade with Cuba by federal commodity promotion programs established in accordance with a commodity promotion law. This exemption shall not apply if the U.S. assistance recipient would be an entity controlled by the Cuban government, including the armed forces or the Ministry of the Interior. A person subject to U.S. jurisdiction may invest in the development of an agricultural business in Cuba if the Department of State and the Department of Agriculture jointly determine that the agricultural business * is not controlled by the government of Cuba, including the armed forces or the Ministry of the Interior; and * does not traffic in property of persons subject to U.S. jurisdiction that was confiscated by Cuba on or after January 1, 1959. A person subject to U.S. jurisdiction may provide payment or financing for agricultural sales to Cuba or to an individual or entity in Cuba.

This bill directs the Department of Agriculture to use $1.2 billion of the funds of the Commodity Credit Corporation to provide emergency relief to swine producers to aid in the reduction of intentional depopulation losses of swine due to the closure or the reduction in processing capacity of a processing plant related to the COVID-19 (i.e., coronavirus disease 2019) pandemic. Producers shall be eligible for payments based on losses incurred on or after April 19, 2020.

This bill provides for the judicial review of rules issued by the Commodity Futures Trading Commission (CFTC). Specifically, a person adversely affected by a CFTC rule may obtain a review of the rule by an appropriate U.S. court of appeals.

CFTC Reauthorization Act of 2019 This bill reauthorizes through FY2025 the Commodity Futures Trading Commission (CFTC) and generally revises provisions related to the CFTC. Among other things, the bill * exempts certain companies from the mandatory swaps clearing requirements if they have less than $10 million in assets, * provides for the regulation of digital commodities, * exempts certain charitable organizations from commodity trading advisor and commodity pool operator registration requirements, * provides that the CFTC's authority to enforce prohibitions regarding fraud and other disruptive trading practices applies to foreign activities, * eliminates the double-sided confirmation requirement for swap data repositories, and * expands whistleblower protections.

CFTC Reauthorization Act of 2019 This bill reauthorizes through FY2025 the Commodity Futures Trading Commission (CFTC) and generally revises provisions related to the CFTC. Among other things, the bill * exempts certain companies from the mandatory swaps clearing requirements if they have less than $10 million in assets, * provides for the regulation of digital commodities, * exempts certain charitable organizations from commodity trading advisor and commodity pool operator registration requirements, * provides that the CFTC's authority to enforce prohibitions regarding fraud and other disruptive trading practices applies to foreign activities, * eliminates the double-sided confirmation requirement for swap data repositories, and * expands whistleblower protections.