To amend the Commodity Exchange Act to provide certainty for futures customers and market participants, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 13, 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.
What just happenedSep 25, 2019
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Who’s behind it
- Introduced in HouseSep 13, 2019
- Sep 25, 2019Committee
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee - Sep 13, 2019IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Sep 13, 2019IntroReferralIntro-H
Introduced in House
- Sep 13, 2019IntroReferral1000
Introduced in House