3.0.0 316 2023-01-11T13:34:31Z 2023-01-11T13:34:31Z House HR 2017-01-05 115 [Congressional Record Volume 163, Number 3 (Thursday, January 5, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CAPUANO:H.R. 316.Congress has the power to enact this legislation pursuantto the following:ARTICLE 1, SECTION 8, CLAUSE 3[Page H183]]]> hsag00 Agriculture Committee House Standing hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee Referred to 2017-01-26T16:26:30Z Referred to 2017-01-05T15:05:10Z 2017-01-26 hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee 1 House committee actions Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Committee 2017-01-05 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2017-01-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-01-05 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 2017-01-05 Introduced in House 2017-04-03T12:56:04Z Futures Investor Protection Act

This bill establishes the Futures Investor Protection Corporation (FIPC) as a nonprofit membership corporation for all futures commission merchants registered with the Commodity Futures Trading Commission (CFTC). In general, the FIPC's powers and duties shall mirror those of the Security Investors Protection Corporation (the nonprofit membership corporation for registered broker-dealers).

In addition, the bill amends the Commodity Exchange Act to establish suitability rules with respect to recommendations by a futures commission merchant to a customer.

The CFTC must review certain guidelines regarding proof of claims, as specified by the bill.


]]> 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 2017-01-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr316ih/xml/BILLS-115hr316ih.xml 2017-01-26 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. 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.