Bill
Bill > S1560
US S1560
US S1560A 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
06/11/2015
In Committee
06/11/2015
06/11/2015
Crossed Over
Passed
Dead
01/03/2017
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)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/114th-congress/senate-bill/1560/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-114s1560is/pdf/BILLS-114s1560is.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-114s1560is/pdf/BILLS-114s1560is.pdf.pdf |
Loading...