US SB2933 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on November 21 2019 - 25% progression, died in committee
Action: 2019-11-21 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 21 2019 - 25% progression, died in committee
Action: 2019-11-21 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Commodity Futures Trading Commission (CFTC) to respond to a foreign regulator seeking to assert authority over a U.S. derivatives clearing organization. The CFTC must do this by reviewing exemptions granted by the CFTC to foreign entities that are under the jurisdiction of that foreign authority.
Title
A bill to amend the Commodity Exchange Act to require a review of current exemptions granted to foreign entities in response to an attempt by a foreign authority to exercise direct supervisory authority over a domestic derivatives clearing organization.
Sponsors
| Sen. John Boozman [R-AR] | Sen. Richard Durbin [D-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-11-21 | Senate | Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. |
Subjects
Commodities markets
Finance and financial sector
Licensing and registrations
Securities
U.S. and foreign investments
Finance and financial sector
Licensing and registrations
Securities
U.S. and foreign investments
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2933/all-info |
| Text | https://www.congress.gov/116/bills/s2933/BILLS-116s2933is.pdf |
