3.0.0 3691 2017-12-15T00:45:32Z 2017-12-15T00:45:32Z Senate S S 2008-11-19 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-11-19T15:35:57Z 2008-11-19 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2008-11-19 Sponsor introductory remarks on measure. (CR 11/17/2008 S10549-10550) IntroReferral B00100 9 Library of Congress 2008-11-19 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N Finance and Financial Sector Administrative procedure Bank holding companies Commodity Futures Trading Commission Commodity exchanges Federal Reserve System Federal advisory bodies Futures trading Government Operations and Politics Independent regulatory commissions Investment banking Law Securities and Exchange Commission Securities fraud Swaps (Finance) Finance and Financial Sector 00 2008-11-19 Introduced in Senate 2009-01-07T22:01:48Z Financial Regulation Reform Act of 2008 - Amends the Commodity Exchange Act to: (1) subject credit-default swap trading clearinghouses to regulation by the Commodity Futures Trading Commission (CFTC); and (2) direct the CFTC to set reporting and recordkeeping requirements for positions involving credit-default swaps.

Grants the Federal Reserve Board authority over investment-bank holding companies.

Directs the Securities and Exchange Commission (SEC) to issue final rules to: (1) designate clearinghouses for credit-default swaps; and (2) prohibit fraudulent, deceptive, or manipulative acts or practices in connection with such swaps.

Establishes a temporary Commission on Financial Regulatory Reform to review the financial regulatory structure and propose a comprehensive framework for fundamental reform of financial regulation in the United States.

]]> Financial Regulation Reform Act of 2008 Short Titles as Introduced Financial Regulation Reform Act of 2008 Display Title Financial Regulation Reform Act of 2008 Official Title as Introduced A bill to amend the Commodity Exchange Act to require reporting and recordkeeping for positions involving credit-default swaps, to grant the Federal Reserve Board authority over investment-bank holding companies, and for other purposes. Introduced in Senate 2008-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3691is/xml/BILLS-110s3691is.xml 2008-11-19 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.