HR 977 · 111th Congress · Finance and Financial Sector

Derivatives Markets Transparency and Accountability Act of 2009

Introduced 2009-02-11· Sponsored by Rep. Peterson, Collin C. [D-MN-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 223.(2009-12-19)

Plain Language Summary

[AI summary unavailable — showing source text] Derivatives Markets Transparency and Accountability Act of 2009 - Amends the Commodity Exchange Act to prohibit the Commodity Futures Trading Commission (CFTC) from permitting a foreign board of trade to provide its U.S-located members with access to the CFTC electronic trading system and order matching system with respect to an agreement, contract, or transaction that settles against any price (including the daily or final settlement price) of one or more contracts listed for trading on a registered entity, unless such board meets requirements similar to those imposed upon U.S. exchanges. Directs the CFTC to: (1) define and classify index traders and swap dealers for purposes of data reporting requirements; and (2) set routine detailed reporting requirements for any positions of such entities in contracts traded on designated contract markets, derivatives transaction execution facilities, foreign boards of trade, and electronic trading facilities with respect to significant price discovery contracts. Requires the CFTC, to the extent information is available, to disaggregate and make public monthly: (1) the number of positions and total notional value of index funds and other passi…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 977, Derivatives Markets Transparency and Accountability Act of 2009

Feb 23, 2009

<p>Cost estimate for the bill as ordered reported by the House Committee on Agriculture on February 12, 2009</p>

Full CBO report ↗

H.R. 977, Derivatives Markets Transparency and Accountability Act of 2009

Feb 23, 2009

Cost estimate for the bill as ordered reported by the House Committee on Agriculture on February 12, 2009

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

20 Democrats