S 947 · 112th Congress · Finance and Financial Sector
A bill to provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2011-05-11)
Plain Language Summary
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Amends the Commodity Exchange Act and the Securities Exchange Act of 1934 to exempt from specified margin requirements: (1) swaps in which one of the counterparties is neither a swap dealer nor a major swap participant, (2) certain investment funds, (3) specified regulated entities, and (4) a commodity pool. Exempts from such margin requirements, also, any swaps or security-based swaps entered into before the date on which final rules are required to be promulgated or published under the Dodd-Frank Wall Street Reform and Consumer Protection Act or the Wall Street Transparency and Accountability Act of 2010, respectively.…
Summarized by Claude AI · Non-partisan · For informational purposes only