EXPORT Act of 2022
United States117th CongressHR-8836House of Representatives
Updated: Nov 29, 2022
Summary
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.
Bill texts
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Timeline
Referred to the House Committee on Agriculture.
House of Representatives
Introduced in House
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
House of Representatives
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