HR 8836 · 117th Congress · Finance and Financial Sector

EXPORT Act of 2022

Introduced 2022-09-15· Sponsored by Rep. Owens, Burgess [R-UT-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.(2022-11-29)

Plain Language Summary

[AI summary unavailable — showing source text] Expanding Possibilities and Opportunities to Reinvigorate Trade Act of 2022 or the EXPORT Act of 2022 This bill exempts certain money transmitters from specified capital and margin requirements that otherwise apply to counterparty swaps. Specifically, these money transmitters must (1) only enter into swaps for the purpose of offsetting risks from foreign currency contracts with a non-end user, and (2) have annual assets of $1 billion or less.…

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