The whistleblower fund stays available without further appropriation
What the document says“The Fund shall be available to the Commission, without further appropriation or fiscal year limitation, for paying awards to whistleblowers as provided in subsection (b).”
The section rewrites section 21F(g)(2) of the Securities Exchange Act of 1934 (15 U.S.C. 78u-6(g)(2)) so that the Fund is available to the Commission, without further appropriation or fiscal year limitation, for paying whistleblower awards as provided in subsection (b).
What the document actually says“The Fund shall be available to the Commission, without further appropriation or fiscal year limitation, for paying awards to whistleblowers as provided in subsection (b).”
The fund stays open to the Commission. It does not need a fresh grant from Congress. It is not tied to one budget year. It pays awards to whistleblowers.
A whistleblower is someone who reports wrongdoing. The awards reward that. This is a different fund from the one being closed.
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