1. Short title This Act may be cited as the International Regulatory Cooperation Improvement Act . 2. International regulatory cooperation (a) Section 1a(26) of the Commodity Exchange Act ( 7 U.S.C. 1a(26) ) is amended by striking futures or options each place it appears and inserting futures, swaps, or options. . (b) Clarification of meaning of foreign futures authority Section 8 of such Act ( 7 U.S.C. 12 ) is amended by adding at the end the following: (j) For purposes of this section, the term foreign futures authority includes any foreign authority that is empowered under foreign law to detect, investigate, or prosecute potential violations of law. . (c) Authority To provide food and incidental assistance to foreign guests hosted by the Commission Section 12(b) of such Act ( 7 U.S.C. 16(b) ) is amended by adding at the end the following: (5) The Commission may incur expenses for consultations and meetings hosted by the Commission with foreign governmental and other regulatory officials, such expenses to include necessary logistic and administrative expenses and the expenses of Commission staff and foreign invitees in attendance including: (A) meals; (B) local travel and transportation