3.0.0 961 2023-01-11T13:18:58Z 2023-01-11T13:18:58Z Senate S S 2009-05-04 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-05-04T18:30:37Z 2009-05-04 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2009-05-04 Sponsor introductory remarks on measure. (CR S5067-5069) IntroReferral B00100 9 Library of Congress 2009-05-04 Introduced in Senate IntroReferral 10000 9 Library of Congress L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON N C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2009-05-04 True Finance and Financial Sector Banking and financial institutions regulation Commodities markets Commodity Futures Trading Commission Credit and credit markets Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2009-05-04 Introduced in Senate 2009-05-20T19:55:17Z Authorizing the Regulation of Swaps Act - Amends the Gramm-Leach-Bliley Act, the Securities Act of 1933, the Securities Exchange Act of 1934, the Commodity Futures Modernization Act of 2000, the Legal Certainty for Bank Products Act of 2000, and the Commodity Exchange Act to repeal prohibitions against regulation of credit default swaps and other swap agreements, whether traded on an exchange or over-the-counter, including commodity, equity, foreign currency, and interest rate swaps.

Authorizes the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and specified other federal financial regulators to: (1) exercise oversight over any swap agreement entered into, purchased, or sold by any financial institution, entity, or person (for its own account or for the account of others), and any swap agreement, that is subject to the regulator's jurisdiction; and (2) promulgate, interpret, and enforce regulations, issue orders of general applicability, and impose disclosure, reporting, or recordkeeping requirements relating to any such swap agreement.

Grants the SEC sole oversight authority over: (1) any exchange or clearing agency; and (2) any swap agreement traded on or cleared through such exchange or clearing agency.

Grants the CFTC sole oversight authority over: (1) any trading facility or registered entity; and (2) any swap agreement executed on, traded on, or cleared through such trading facility or registered entity.

]]> Authorizing the Regulation of Swaps Act Display Title Authorizing the Regulation of Swaps Act Official Title as Introduced A bill to authorize the regulation of credit default swaps and other swap agreements, and for other purposes. Introduced in Senate IS Short Titles as Introduced Authorizing the Regulation of Swaps Act Introduced in Senate 2009-05-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s961is/xml/BILLS-111s961is.xml 2009-05-04 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.