3.0.0 4717 2022-11-01T03:47:34Z 2022-11-01T03:47:34Z House HR 2019-10-17 116 [Congressional Record Volume 165, Number 164 (Thursday, October 17, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CRAWFORD:H.R. 4717.Congress has the power to enact this legislation pursuantto the following:Congress has the power to enact this legislation pursuantto the enumerated powers listed in Article I, Section 8,Clause 3 of the U.S. Constitution.[Page H8227]]]> hsag00 Agriculture Committee House Standing hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee Referred to 2019-11-08T15:27:02Z Referred to 2019-10-17T14:02:05Z 2019-11-08 hsag22 Commodity Markets, Digital Assets, and Rural Development Subcommittee 1 House committee actions Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Committee 2019-10-17 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2019-10-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-10-17 Introduced in House IntroReferral 1000 9 Library of Congress C001087 Rep. Crawford, Eric A. "Rick" [R-AR-1] Eric Crawford R AR A. "Rick" 1 N S001189 Rep. Scott, Austin [R-GA-8] Austin Scott R GA 8 2019-10-17 True Finance and Financial Sector Banking and financial institutions regulation Commodities markets Contracts and agency Finance and Financial Sector 00 2019-10-17 Introduced in House 2021-03-02T18:25:39Z Swap Trading Improvement Act

This bill revises provisions regarding swap execution facilities (i.e., trading platforms for speculators exchanging the benefit or liability of two financial instruments).

The bill eliminates the requirement that swap execution facilities must adopt position limitations or position accountability for speculators.

The bill allows a swap execution facility to delegate certain core functions to a third party. Currently, these functions may only be delegated to other registered entities.

Additionally, the bill revises the required adequate financial resources of a swap execution facility. Currently, a facility must be able to cover the operating costs of a one year period. The bill requires the facility to cover the greater amount of the operating costs of a 90 day period, or to enable an orderly wind down of its operations.

]]> Swap Trading Improvement Act Display Title Swap Trading Improvement Act Official Title as Introduced To improve swap execution facility administration, swap entity compliance, and for other purposes. Introduced in House IH Short Title(s) as Introduced Swap Trading Improvement Act Introduced in House IH Introduced in House 2019-10-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4717ih/xml/BILLS-116hr4717ih.xml 2019-11-08 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.