Legis Daily

EXPORT Act of 2022

USA117th CongressHR-8836| House 
| Updated: 11/29/2022
Burgess Owens

Burgess Owens

Republican Representative

Utah

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

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Expanding Possibilities and Opportunities to Reinvigorate Trade Act of 2022 or the EXPORT Act of 2022 This bill exempts certain money transmitters from specified capital and margin requirements that otherwise apply to counterparty swaps. Specifically, these money transmitters must (1) only enter into swaps for the purpose of offsetting risks from foreign currency contracts with a non-end user, and (2) have annual assets of $1 billion or less.
View Full Text

Suggested Questions

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

Timeline
Sep 15, 2022
Introduced in House
Sep 15, 2022
Referred to the House Committee on Agriculture.
Nov 29, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • September 15, 2022
    Introduced in House


  • September 15, 2022
    Referred to the House Committee on Agriculture.


  • November 29, 2022
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Finance and Financial Sector

EXPORT Act of 2022

USA117th CongressHR-8836| House 
| Updated: 11/29/2022
Expanding Possibilities and Opportunities to Reinvigorate Trade Act of 2022 or the EXPORT Act of 2022 This bill exempts certain money transmitters from specified capital and margin requirements that otherwise apply to counterparty swaps. Specifically, these money transmitters must (1) only enter into swaps for the purpose of offsetting risks from foreign currency contracts with a non-end user, and (2) have annual assets of $1 billion or less.
View Full Text

Suggested Questions

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

Timeline
Sep 15, 2022
Introduced in House
Sep 15, 2022
Referred to the House Committee on Agriculture.
Nov 29, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • September 15, 2022
    Introduced in House


  • September 15, 2022
    Referred to the House Committee on Agriculture.


  • November 29, 2022
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Burgess Owens

Burgess Owens

Republican Representative

Utah

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

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted