HR 2289 · 114th Congress · Finance and Financial Sector

Commodity End-User Relief Act

Introduced 2015-05-13· Sponsored by Rep. Conaway, K. Michael [R-TX-11]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.(2015-06-10)

Recorded Votes

PassedHouse · 2015-06-09
Roll #309
Yea 246Nay 171
Democrats
9 Yea·170 Nay
Republicans
237 Yea·1 Nay
PassedHouse · 2015-06-09
Roll #309
Yea 246Nay 171
Democrats
9 Yea·170 Nay
Republicans
237 Yea·1 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Commodity End User Relief Act Amends the Commodity Exchange Act (CEA) to direct registered futures associations to require their futures commission merchant members to: maintain written policies and procedures governing maintenance of members’ specified residual interests in customer segregated funds accounts, including cleared swaps customer collateral accounts; and establish rules governing the withdrawal, transfer, or disbursement of a member's residual interest in customer segregated funds, in foreign futures and foreign options customer secured amount funds, and from a cleared swaps customer collateral. Authorizes the Commodity Futures Trading Commission (CFTC) to require that property of the bankruptcy estate, including trading or operating accounts and commodities held in inventory, of a commodity broker who is a Chapter 7 debtor in bankruptcy be included in customer property to the extent that such property is insufficient to satisfy the net equity claims of the broker's public customers. Extends authority for CFTC operations. Amends the CEA to revise the requirement that the CFTC, before promulgating a regulation or issuing an order, consider the costs and benefits o…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 2289, Commodity End-User Relief Act

May 28, 2015

As ordered reported by the House Committee on Agriculture on May 13, 2015

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (3)

1 Democrat2 Republicans