Political Quotes

“I want to compliment that the Commodity Futures Trading Commission operates a highly successful whistleblower program. As one of the Senators who led the effort to establish that whistleblower program back in 2010, I am proud of what this program has accomplished. Since the Commission issued its first whistleblower award in 2014, whistleblowers have helped the Agency root out waste, fraud, and abuse in the commodities trading industry and has recovered nearly $950 million. That is a very good reason to compliment the Commodity Futures Trading Commission. That is a lot of restitution for harmed investors. It is also a lot of money going to the U.S. Treasury and to the American taxpayers. Now, if Congress doesn't act quickly, all of that progress could come to a swift and sudden halt. Several months ago, the Commission contacted my office to tell me that its whistleblower program is facing the prospect of a sudden cash shortage--one that could require it to furlough staff and even close down its operations. The reason for this potential shortage isn't that the whistleblower program has wasted or mismanaged funds or that it hasn't been doing its job. It is just the exact opposite. Whistleblowers have been approaching the Commission to report actionable claims of wrongdoing in far greater numbers than before, and its whistleblower program has grown at a much faster rate than Congress expected when we created it in 2010.…”