EXPORT Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 15, 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.
What just happenedNov 29, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Who’s behind it
- Introduced in HouseSep 15, 2022
- Nov 29, 2022Committee
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee - Sep 15, 2022IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Sep 15, 2022IntroReferralIntro-H
Introduced in House
- Sep 15, 2022IntroReferral1000
Introduced in House