US SB1682 | 2009-2010 | 111th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on September 17 2009 - 25% progression, died in chamber
Action: 2009-09-17 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S9557-9559)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 17 2009 - 25% progression, died in chamber
Action: 2009-09-17 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S9557-9559)
Text: Latest bill text (Introduced) [PDF]
Summary
Derivatives Market Manipulation Prevention Act of 2009 - Amends the Commodity Exchange Act to prohibit swap and other derivatives market manipulation and the reporting of false information relating to swaps. Subjects violations to specified civil penalties, and grants the Commodity Futures Trading Commission (CFTC) enforcement powers. Extends to swaps the requirements for cease and desist orders and fines against persons (other than a registered entity) for market price manipulations and other violations. Extends private rights of action to contracts connected with a swap.
Title
Derivatives Market Manipulation Prevention Act of 2009
Sponsors
Sen. Maria Cantwell [D-WA] | Sen. Byron Dorgan [D-ND] | Sen. Dianne Feinstein [D-CA] | Sen. Bill Nelson [D-FL] |
Sen. Bernard Sanders [I-VT] | Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2009-09-17 | Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S9557-9559) | |
2009-09-17 | Sponsor introductory remarks on measure. (CR S9556-9557) |
Subjects
Administrative law and regulatory procedures
Administrative remedies
Civil actions and liability
Commodities markets
Commodity Futures Trading Commission
Fraud offenses and financial crimes
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1682/all-info |
Text | https://www.congress.gov/111/bills/s1682/BILLS-111s1682is.pdf |