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Customer Property Protection Act

USA119th CongressHR-9717| House 
| Updated: 7/15/2026
Shri Thanedar

Shri Thanedar

Democratic Representative

Michigan

Cosponsors (1)
Kat Cammack (Republican)

Agriculture Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, known as the Customer Property Protection Act, amends the Commodity Exchange Act to strengthen protections for customers in the event of a commodity broker's bankruptcy. It modifies Section 20(a) to expand the definition of customer property that can be used to satisfy customer claims. Specifically, the bill mandates that certain assets from the commodity broker's estate, including their cash, securities, trading accounts, and inventory, be included as customer property. This inclusion is contingent upon the existing customer property being insufficient to cover the net equity claims of public customers. However, this expanded definition is subject to any otherwise unavoidable security interests or contractual offset and netting rights held by creditors. The aim is to provide an additional layer of protection for public customers, ensuring their claims are met by a broader pool of assets when primary customer funds are depleted.
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Timeline
Jul 15, 2026
Introduced in House
Jul 15, 2026
Referred to the House Committee on Agriculture.
  • July 15, 2026
    Introduced in House


  • July 15, 2026
    Referred to the House Committee on Agriculture.

Finance and Financial Sector

Related Bills

  • S 119-3755: Digital Commodity Intermediaries Act

Customer Property Protection Act

USA119th CongressHR-9717| House 
| Updated: 7/15/2026
This bill, known as the Customer Property Protection Act, amends the Commodity Exchange Act to strengthen protections for customers in the event of a commodity broker's bankruptcy. It modifies Section 20(a) to expand the definition of customer property that can be used to satisfy customer claims. Specifically, the bill mandates that certain assets from the commodity broker's estate, including their cash, securities, trading accounts, and inventory, be included as customer property. This inclusion is contingent upon the existing customer property being insufficient to cover the net equity claims of public customers. However, this expanded definition is subject to any otherwise unavoidable security interests or contractual offset and netting rights held by creditors. The aim is to provide an additional layer of protection for public customers, ensuring their claims are met by a broader pool of assets when primary customer funds are depleted.
View Full Text

Suggested Questions

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

Timeline
Jul 15, 2026
Introduced in House
Jul 15, 2026
Referred to the House Committee on Agriculture.
  • July 15, 2026
    Introduced in House


  • July 15, 2026
    Referred to the House Committee on Agriculture.
Shri Thanedar

Shri Thanedar

Democratic Representative

Michigan

Cosponsors (1)
Kat Cammack (Republican)

Agriculture Committee

Finance and Financial Sector

Related Bills

  • S 119-3755: Digital Commodity Intermediaries Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted