HR 1573 · 112th Congress · Finance and Financial Sector
To facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 63.(2011-06-16)
Plain Language Summary
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Amends the Wall Street Transparency and Accountability Act of 2010 (the Act), title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to revise the effective dates for the Act and for regulations promulgated under it. Sets a target date by which the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are required to further define specified swaps which are subject to joint rulemaking by the two Commissions. Sets forth effective dates for CFTC reporting of swap-data and SEC reporting of security-based swap data. Authorizes the two Commissions to permit the reporting of swap data and security-based swap data to certain persons who have: (1) provided notice of their intention to register as a swap data repository or as a security-based swap data repository, and (2) made appropriate undertakings to the relevant Commission which it determines to be in the public interest. Directs the two Commissions, before prescribing final rules and regulations under this Act, to conduct public hearings and roundtables on specified issues, take testimony of interested parties, and solicit public comment. Amends the Commodity Exchange Act and…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 1573, A bill to facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption
May 11, 2011Cost estimate for the bill as ordered reported by the House Committee on Agriculture on May 4, 2011
Full CBO report ↗H.R. 1573, A bill to facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption
May 26, 2011Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 24, 2011
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
20 Republicans