3.0.0 4604 2022-11-01T13:49:44Z 2022-11-01T13:49:44Z House HR 2019-10-04 116 [Congressional Record Volume 165, Number 159 (Friday, October 4, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DUNN:H.R. 4604.Congress has the power to enact this legislation pursuantto the following:Article I Section 8[Page H8096]]]> hsag00 Agriculture Committee House Standing hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee Referred to 2019-10-16T15:32:09Z Referred to 2019-10-04T14:00:10Z 2019-10-16 hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee 1 House committee actions Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Committee 2019-10-04 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2019-10-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-10-04 Introduced in House IntroReferral 1000 9 Library of Congress D000628 Rep. Dunn, Neal P. [R-FL-2] Neal Dunn R FL P. 2 N C001124 Rep. Cox, TJ [D-CA-21] TJ Cox D CA 21 2019-10-04 True Finance and Financial Sector Banking and financial institutions regulation Commodities markets Finance and Financial Sector 00 2019-10-04 Introduced in House 2020-11-17T18:52:04Z Small Financial Institution Certainty Act

This bill requires the Commodity Futures Trading Commission (CFTC) to exempt certain financial institutions from clearing requirements for commodity swaps. Specifically, the CFTC must exempt insured depository institutions, farm credit system institutions, credit unions, bank holding companies, and savings and loan holding companies that have less than $10 billion in assets. Currently, the CFTC has discretion regarding whether to exempt depository institutions, farm credit system institutions, and credit unions that have less than $10 billion in assets.

]]> Small Financial Institution Certainty Act Display Title Small Financial Institution Certainty Act Official Title as Introduced To clarify the clearing exemption for small financial institutions under the Commodity Exchange Act. Introduced in House IH Short Title(s) as Introduced Small Financial Institution Certainty Act Introduced in House IH Introduced in House 2019-10-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4604ih/xml/BILLS-116hr4604ih.xml 2019-10-16 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.