COMMODITY FUTURES TRADING COMMISSION PAY COMPARABILITY.

SEC. 10702. COMMODITY FUTURES TRADING COMMISSION PAY COMPARABILITY. (a) Appointment and Compensation of Employees of the Commission.—Section 2(a) of the Commodity Exchange Act (7 U.S.C. 2(a)) is amended— (1) by redesignating paragraphs (7) through (11) as paragraphs (8) through (12), respectively; and (2) by inserting after paragraph (6) the following: “(7) Appointment and compensation.— “(A) In general.—The Commission may appoint and fix the compensation of such officers, attorneys, economists, examiners, and other employees as may be necessary for carrying out the functions of the Commission under this Act. “(B) Rates of pay.—Rates of basic pay for all employees of the Commission may be set and adjusted by the Commission without regard to chapter 51 or subchapter III of chapter 53 of title 5, United States Code. “(C) Comparability.— “(i) In general.—The Commission may provide additional compensation and benefits to employees of the Commission if the same type of compensation or benefits are provided by any agency referred to in section 1206(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1833b(a)) or could be provided by such an agency under applicable provisions of law (including rules and regulations). “(ii) Consultation.—In setting and adjusting the total amount of compensation and benefits for employees, the Commission shall consult with, and seek to maintain comparability with, the agencies referred to in section 1206(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1833b(a)).”. (b) Reporting of Information by the Commission.—Section 1206 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1833b) is amended— (1) by striking “The Federal” and inserting the following: “(a) In General.—The Federal”; and (2) by adding at the end the following: “(b) Commodity Futures Trading Commission.—In establishing and adjusting schedules of compensation and benefits for 116 STAT. 517 employees of the Commodity Futures Trading Commission under applicable provisions of law, the Commission shall— “(1) inform the heads of the agencies referred to in subsection (a) and Congress of such compensation and benefits; and “(2) seek to maintain comparability with those agencies regarding compensation and benefits.”. (c) Conforming Amendments.— (1) Section 3132(a)(1) of title 5, United States Code, is amended— (A) in subparagraph (C), by striking “or” at the end; (B) in subparagraph (D), by adding “or” at the end; and (C) by adding at the end the following: “(E) the Commodity Futures Trading Commission;”. (2) Section 5316 of title 5, United States Code, is amended— (A) by striking “General Counsel, Commodity Futures Trading Commission.”; and (B) by striking “Executive Director, Commodity Futures Trading Commission.” (3) Section 5373(a) of title 5, United States Code, is amended— (A) in paragraph (2), by striking “or” at the end; (B) in paragraph (3), by striking the period at the end and inserting “; or”; and (C) by adding at the end the following: “(4) section 2(a)(7) of the Commodity Exchange Act (7 U.S.C. 2(a)(7)).”.