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US S1560

US S1560
A bill to amend the Commodity Exchange Act to provide end-users with a reasonable amount of time to meet their margin requirements and to repeal certain indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entities.


summary

Introduced
06/11/2015
In Committee
06/11/2015
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

A bill to amend the Commodity Exchange Act to provide end-users with a reasonable amount of time to meet their margin requirements and to repeal certain indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entities.

AI Summary

This bill amends the Commodity Exchange Act to provide "end-users," which are typically businesses that use financial derivatives to hedge against risks rather than speculate, with a reasonable amount of time to meet their "margin requirements," which are funds that must be deposited with a broker to cover potential losses on a trade. Additionally, the bill repeals certain "indemnification requirements," meaning it removes the need for regulatory authorities to agree to protect entities from liability, in order for them to access "swap data," which is information about financial derivative transactions that must be reported to regulators. This change aims to streamline regulatory access to crucial market information.

Committee Categories

Agriculture and Natural Resources

Sponsors (2)

Last Action

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (on 06/11/2015)

bill text


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