[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1847 Referred in Senate (RFS)]

114th CONGRESS
  1st Session
                                H. R. 1847


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 15, 2015

  Received; read twice and referred to the Committee on Agriculture, 
                        Nutrition, and Forestry

_______________________________________________________________________

                                 AN ACT


 
To amend the Securities Exchange Act of 1934 and the Commodity Exchange 
     Act to repeal the indemnification requirements for regulatory 
 authorities to obtain access to swap data required to be provided by 
                    swaps entities under such Acts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Swap Data Repository and 
Clearinghouse Indemnification Correction Act of 2015''.

SEC. 2. REPEAL OF INDEMNIFICATION REQUIREMENTS.

    (a) Derivatives Clearing Organizations.--Section 5b(k)(5) of the 
Commodity Exchange Act (7 U.S.C. 7a-1(k)(5)) is amended to read as 
follows:
            ``(5) Confidentiality agreement.--Before the Commission may 
        share information with any entity described in paragraph (4), 
        the Commission shall receive a written agreement from each 
        entity stating that the entity shall abide by the 
        confidentiality requirements described in section 8 relating to 
        the information on swap transactions that is provided.''.
    (b) Swap Data Repositories.--Section 21 of such Act (7 U.S.C. 24a) 
is amended--
            (1) in subsection (c)(7)--
                    (A) in the matter preceding subparagraph (A), by 
                striking ``all'' and inserting ``swap''; and
                    (B) in subparagraph (E)--
                            (i) in clause (ii), by striking ``and'' at 
                        the end; and
                            (ii) by adding at the end the following:
                            ``(iv) other foreign authorities; and''; 
                        and
            (2) by striking subsection (d) and inserting the following:
    ``(d) Confidentiality Agreement.--Before the swap data repository 
may share information with any entity described in subsection (c)(7), 
the swap data repository shall receive a written agreement from each 
entity stating that the entity shall abide by the confidentiality 
requirements described in section 8 relating to the information on swap 
transactions that is provided.''.
    (c) Security-Based Swap Data Repositories.--Section 13(n)(5) of the 
Securities Exchange Act of 1934 25 (15 U.S.C. 78m(n)(5)) is amended--
            (1) in subparagraph (G)--
                    (A) in the matter preceding clause (i), by striking 
                ``all'' and inserting ``security-based swap''; and
                    (B) in subclause (v)--
                            (i) in subclause (II), by striking ``; 
                        and'' and inserting a semicolon;
                            (ii) in subclause (III), by striking the 
                        period at the end and inserting ``; and''; and
                            (iii) by adding at the end the following:
                                    ``(IV) other foreign 
                                authorities.''; and
            (2) by striking subparagraph (H) and inserting the 
        following:
                    ``(H) Confidentiality agreement.--Before the 
                security-based swap data repository may share 
                information with any entity described in subparagraph 
                (G), the security-based swap data repository shall 
                receive a written agreement from each entity stating 
                that the entity shall abide by the confidentiality 
                requirements described in section 24 relating to the 
                information on security-based swap transactions that is 
                provided.''.
    (d) Effective Date.--The amendments made by this Act shall take 
effect as if enacted as part of the Dodd-


              

Frank Wall Street Reform and Consumer Protection Act (Public Law 111-
203) on July 21, 2010.

            Passed the House of Representatives July 14, 2015.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.