HR 2586 · 112th Congress · Finance and Financial Sector
Swap Execution Facility Clarification Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 266.(2012-02-08)
Plain Language Summary
[AI summary unavailable — showing source text]
Swap Execution Facility Clarification Act - Amends the Commodity Exchange Act and the Securities Exchange Act of 1934 to prohibit both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), in interpreting or defining a "security-based swap execution facility," from requiring one to: (1) have a minimum number of participants receive a bid or offer or respond to any trading system or platform functionality, (2) display or delay bids or offers for any period of time, (3) limit the means of interstate commerce used by market participants to enter into and execute swap transactions on the trading system or platform; or (4) require bids or offers on one trading system or platform operated by the swap execution facility to interact with bids or offers on another trading system or platform operated by the swap execution facility.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2586, Swap Execution Facility Clarification Act
Dec 22, 2011Cost estimate for the bill as ordered reported by the House Committee on Financial Services on November 30, 2011
Full CBO report ↗H.R. 2586, Swap Execution Facility Clarification Act
Feb 7, 2012Cost estimate for the bill as ordered reported by the House Committee on Agriculture on January 25, 2012
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (8)
3 Democrats5 Republicans