HR 3283 · 112th Congress · Finance and Financial Sector

Swap Jurisdiction Certainty Act

Introduced 2011-10-31· Sponsored by Rep. Himes, James A. [D-CT-4]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 512.(2012-12-14)

Plain Language Summary

[AI summary unavailable — showing source text] Swap Jurisdiction Certainty Act - Amends the Commodity Exchange Act and the Securities Exchange Act of 1934 regarding extra-territorial swap or security-based swap transactions between: (1) a registered swap or security-based swap dealer who is either a U.S. person or a person whose parent company is a U.S. person; and (2) a person who is a U.S. or non-U.S. subsidiary, branch, or affiliate of such swap dealer, or any other non-U.S. person not registered as a swap dealer. Exempts swaps, including security-based swaps, from regulation under the Wall Street Transparency and Accountability Act of 2010 (WSTAA) (title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act) as long as the swap dealer: (1) is either a U.S. person or a person whose parent company is a U.S. person; and (2) reports such swap or security-based swap to a swap data repository registered with the Commodity Futures Trading Commission (CFTC) or a security-based swap data repository registered with the Securities and Exchange Commission (SEC), as appropriate. Subjects to WSTAA requirements any non-U.S. person that is a registered swaps or security-based swaps dealer but only for swaps or security-based…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 3283, Swap Jurisdiction Certainty Act

Apr 30, 2012

As ordered reported by the House Committee on Financial Services on March 27, 2012

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (15)

9 Democrats6 Republicans