HR 4267 · 113th Congress · Finance and Financial Sector

Commodity Delivery Relief Act

Introduced 2014-03-14· Sponsored by Rep. McAllister, Vance M. [R-LA-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on General Farm Commodities and Risk Management.(2014-04-01)

Plain Language Summary

[AI summary unavailable — showing source text] Commodity Delivery Relief Act - Amends the Commodity Exchange Act to revise the exclusion from the definition of "swap" of any sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled. Excludes from the meaning of "swap" also: (1) any purchase of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled; and (2) any stand-alone or embedded option for which exercise results in a physical delivery obligation.…

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