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To amend the Commodity Exchange Act to provide certainty for futures customers and market participants, and for other purposes.

USA116th CongressHR-4333| House 
| Updated: 9/25/2019
Abigail Davis Spanberger

Abigail Davis Spanberger

Democratic Representative

Virginia

Cosponsors (1)
John Katko (Republican)

Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill allows the Commodities and Futures Trading Commission (CFTC) to consider certain property as customer property for purposes of distribution priority in the event of bankruptcy of a commodities broker. Specifically, the CFTC may provide by rule that cash, securities, or other property including trading or operating accounts of the broker and commodities held in inventory by the broker are considered customer property, but only if other customer property is insufficient to satisfy the net equity claims of public customers.
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Timeline
Sep 13, 2019
Introduced in House
Sep 13, 2019
Referred to the House Committee on Agriculture.
Sep 25, 2019
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • September 13, 2019
    Introduced in House


  • September 13, 2019
    Referred to the House Committee on Agriculture.


  • September 25, 2019
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Finance and Financial Sector

Related Bills

  • HR 116-6197: CFTC Reauthorization Act of 2019
  • HR 116-4895: CFTC Reauthorization Act of 2019
Administrative remediesBanking and financial institutions regulationBankruptcyBusiness recordsCommodities marketsCommodity Futures Trading Commission

To amend the Commodity Exchange Act to provide certainty for futures customers and market participants, and for other purposes.

USA116th CongressHR-4333| House 
| Updated: 9/25/2019
This bill allows the Commodities and Futures Trading Commission (CFTC) to consider certain property as customer property for purposes of distribution priority in the event of bankruptcy of a commodities broker. Specifically, the CFTC may provide by rule that cash, securities, or other property including trading or operating accounts of the broker and commodities held in inventory by the broker are considered customer property, but only if other customer property is insufficient to satisfy the net equity claims of public customers.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 13, 2019
Introduced in House
Sep 13, 2019
Referred to the House Committee on Agriculture.
Sep 25, 2019
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • September 13, 2019
    Introduced in House


  • September 13, 2019
    Referred to the House Committee on Agriculture.


  • September 25, 2019
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Abigail Davis Spanberger

Abigail Davis Spanberger

Democratic Representative

Virginia

Cosponsors (1)
John Katko (Republican)

Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee

Finance and Financial Sector

Related Bills

  • HR 116-6197: CFTC Reauthorization Act of 2019
  • HR 116-4895: CFTC Reauthorization Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative remediesBanking and financial institutions regulationBankruptcyBusiness recordsCommodities marketsCommodity Futures Trading Commission