3.0.0 3145 2023-01-11T13:18:30Z 2023-01-11T13:18:30Z House H HR 2009-07-09 111 hsba00 Financial Services Committee House Standing Referred to 2009-07-09T14:03:48Z 2009-07-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-07-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-07-09 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 N Finance and Financial Sector Administrative law and regulatory procedures Contracts and agency Credit and credit markets Fraud offenses and financial crimes Licensing and registrations Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2009-07-09 Introduced in House 2009-09-30T16:10:05Z Credit Default Swap Prohibition Act of 2009 - Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to grant the Securities and Exchange Commission (SEC) regulatory jurisdiction over any security-based swap agreement, including authority to issue, interpert, and enforce rules and orders in a manner that imposes prophylactic measures against fraud, manipulation, or insider trading.

Defines credit default swap as: (1) a swap agreement that protects a party to it against the risk of a loss of value because of the occurrence or non-occurrence of an event or contingency specified in the agreement relating to a security, loan, or other reference asset; and (2) such other forms of credit risk protection as the SEC may, by rule, prescribe as necessary or appropriate in the public interest or for the protection of investors.

Authorizes the SEC to require registration of any security-based swap agreement.

Amends the Securities Exchange Act of 1934 to declare it unlawful for any person to enter into a credit default swap agreement or contract.


]]> Credit Default Swap Prohibition Act of 2009 Display Title Credit Default Swap Prohibition Act of 2009 Official Title as Introduced To amend the securities laws to prohibit credit default swaps and to provide the Securities and Exchange Commission with the authority to regulate swap agreements. Introduced in House IH Short Titles as Introduced Credit Default Swap Prohibition Act of 2009 Introduced in House 2009-07-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3145ih/xml/BILLS-111hr3145ih.xml 2009-07-09 Referred to the House Committee on Financial Services. 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.