HR 547 · 103th Congress · Finance and Financial Sector

To require the Secretary of the Treasury to revise certain regulations relating to holds-in-custody repurchase transactions in government securities.

Introduced 1993-01-21· Sponsored by Rep. Upton, Fred [R-MI-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Telecommunications and Finance.(1993-02-16)

Plain Language Summary

[AI summary unavailable — showing source text] Directs the Secretary of the Treasury to revise certain regulations regarding daily written confirmations of securities repurchase agreements to permit the counterparty to such an agreement to waive the right to daily confirmations if it has received adequate disclosures regarding the benefits of receiving them.…

Summarized by Claude AI · Non-partisan · For informational purposes only