3.0.0 3009 2023-01-11T13:24:17Z 2023-01-11T13:24:17Z House H HR 2013-08-02 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CAPUANO:H.R. 3009.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 3 (relating to the power toregulate interstate commerce).[Page H5401]]]> hsag00 Agriculture Committee House Standing Referred to 2013-08-02T13:01:45Z 2013-08-02 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2013-08-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-08-02 Introduced in House IntroReferral 1000 9 Library of Congress C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 N Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Commodities markets Commodity Futures Trading Commission Congressional oversight Consumer affairs Financial services and investments Government corporations and government-sponsored enterprises Government studies and investigations User charges and fees Finance and Financial Sector 00 2013-08-02 Introduced in House 2013-11-22T22:22:20Z Futures Investor Protection Act - Establishes the Futures Investor Protection Corporation (FIPC) as a nonprofit corporation, which shall be neither an agency nor establishment of the federal government.

Declares FIPC to be a membership corporation whose members comprise all persons registered as a futures commission merchant with the Commodity Futures Trading Commission (CFTC).

Grants FIPC all powers conferred upon the Security Investors Protection Corporation (SIPC). Sets forth FIPC corporate structure.

Requires FIPC to: (1) establish, and make deposits into and payments from a FIPC fund in the same manner in which SIPC has established and is authorized to make deposits into and payments from the SIPC fund; and (2) impose upon its membership assessments subject to the same rules that apply to imposition of assessments upon SIPC members.

Amends the Commodity Exchange Act to prescribe suitability rules governing a futures commission merchant's recommendations for a customer.

Grants the CFTC enforcement powers.

Directs the CFTC to review specified guidelines governing establishing account classes and determining the basis for pro rata shares (proof of claims guidelines).


]]> Futures Investor Protection Act Display Title Futures Investor Protection Act Official Title as Introduced To protect investors in futures contracts. Introduced in House IH Short Titles as Introduced Futures Investor Protection Act Introduced in House 2013-08-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3009ih/xml/BILLS-113hr3009ih.xml 2013-08-02 Referred to the House Committee on Agriculture. 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.