Futures Investor Protection Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 5, 2017)
Futures Investor Protection Act
This bill establishes the Futures Investor Protection Corporation (FIPC) as a nonprofit membership corporation for all futures commission merchants registered with the Commodity Futures Trading Commission (CFTC). In general, the FIPC's powers and duties shall mirror those of the Security Investors Protection Corporation (the nonprofit membership corporation for registered broker-dealers).
In addition, the bill amends the Commodity Exchange Act to establish suitability rules with respect to recommendations by a futures commission merchant to a customer.
The CFTC must review certain guidelines regarding proof of claims, as specified by the bill.
What just happenedJan 26, 2017
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Who’s behind it
- Introduced in HouseJan 5, 2017
- Jan 26, 2017Committee
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee - Jan 5, 2017IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Jan 5, 2017IntroReferralIntro-H
Introduced in House
- Jan 5, 2017IntroReferral1000
Introduced in House