HR 238 · 115th Congress · Finance and Financial Sector

Commodity End-User Relief Act

Introduced 2017-01-04· 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.(2017-01-17)

Recorded Votes

PassedHouse · 2017-01-12
Roll #54
Yea 239Nay 182
Democrats
7 Yea·181 Nay
Republicans
232 Yea·1 Nay
PassedHouse · 2017-01-12
Roll #54
Yea 239Nay 182
Democrats
7 Yea·181 Nay
Republicans
232 Yea·1 Nay
FailedHouse · 2017-01-12
Roll #53
Yea 190Nay 235
Democrats
0 Yea·0 Nay
Republicans
0 Yea·0 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Commodity End User Relief Act This bill reauthorizes through FY2021, and revises provisions related to, operations of the Commodity Futures Trading Commission (CFTC). In addition, the bill amends the Commodity Exchange Act to direct registered futures associations to require their futures commission merchant members to meet certain procedural and reporting requirements. The CFTC is authorized to require that certain property of the bankruptcy estate of a commodity broker who is a debtor in Chapter 7 bankruptcy (also known as "liquidation" 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. Before promulgating a regulation or issuing an order, the CFTC must publish an assessment of the costs and benefits of the action. The heads of the CFTC's administrative units shall serve at the pleasure of the CFTC. The bill establishes, within the CFTC, the Office of the Chief Economist. The duration of an omnibus order of investigation (authorizing the CFTC to issue subpoenas to multiple persons in relation to a particular subject matter area) shall not be indefinite. The bill exempts s…

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

Cosponsors (3)

1 Democrat2 Republicans