3.0.0 3671 2019-11-15T21:45:00Z 2019-11-15T21:45:00Z Senate S S 2008-10-01 110 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2008-10-02T00:35:51Z 2008-10-01 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S10336-10337) IntroReferral 2008-10-01 Sponsor introductory remarks on measure. (CR S10335-10336) IntroReferral B00100 9 Library of Congress 2008-10-01 Introduced in Senate IntroReferral 10000 9 Library of Congress F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA N Finance and Financial Sector Commodity exchanges Fines (Penalties) Futures trading Law Swaps (Finance) Finance and Financial Sector 00 2008-10-01 Introduced in Senate 2009-01-12T21:26:53Z Over-the-Counter Swaps Speculation Limit Act - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC) to impose aggregate position limits on positions held on registered entities, foreign boards of trade, and each large over-the-counter transaction or class of large over-the-counter transactions that it determines to be appropriate in protecting the price discovery function of contracts under its jurisdiction.

Sets forth requirements for development and imposition of aggregate position limits.

Authorizes the CFTC to exempt a large over-the-counter transaction or class of large over-the-counter transactions from any aggregate position limit it has developed and imposed if it determines that the transaction is a bona fide hedging transaction.

Declares such aggregate position limits applicable to the net sum of the like positions held by a person on or in: (1) registered entities; (2) foreign boards of trade; and (3) over-the-counter commodity derivatives.

Authorizes the CFTC to impose a civil penalty for violations of requirements of this Act.

]]> Over-the-Counter Swaps Speculation Limit Act Short Titles as Introduced Over-the-Counter Swaps Speculation Limit Act Display Title Over-the-Counter Swaps Speculation Limit Act Official Title as Introduced A bill to amend the Commodity Exchange Act to require the Commodity Futures Trading Commission to develop and impose aggregate position limits on certain large over-the-counter transactions and classes of large over-the-counter transactions. Introduced in Senate 2008-10-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3671is/xml/BILLS-110s3671is.xml 2008-10-01 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S10336-10337) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.