s 14 57255 1241409600 false 1241409600 961 298 111 300066

5/4/2009--Introduced.Authorizing the Regulation of Swaps Act - Amends the Gramm-Leach-Bliley Act, the Securities Act of 1933, the Securities Exchange Act of 1934, the Commodity Futures Modernization Act of 2000, the Legal Certainty for Bank Products Act of 2000, and the Commodity Exchange Act to repeal prohibitions against regulation of credit default swaps and other swap agreements, whether traded on an exchange or over-the-counter, including commodity, equity, foreign currency, and interest rate swaps. Authorizes the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and specified other federal financial regulators to: (1) exercise oversight over any swap agreement entered into, purchased, or sold by any financial institution, entity, or person (for its own account or for the account of others), and any swap agreement, that is subject to the regulator's jurisdiction; and (2) promulgate, interpret, and enforce regulations, issue orders of general applicability, and impose disclosure, reporting, or recordkeeping requirements relating to any such swap agreement. Grants the SEC sole oversight authority over: (1) any exchange or clearing agency; and (2) any swap agreement traded on or cleared through such exchange or clearing agency. Grants the CFTC sole oversight authority over: (1) any trading facility or registered entity; and (2) any swap agreement executed on, traded on, or cleared through such trading facility or registered entity.

1241409600 2009-05-04 Sat Nov 14 08:00:21 -0600 2009 introduced 57255 'act':6 'swap':5 'regul':3 'author':1 75980 false short introduced 57255 'bill':2 'swap':10,13 'regul':6 'author':4 'credit':8 'purpos':18 'default':9 'agreement':14 72721 false official action 57255 1241409600 Mon May 04 00:00:00 -0500 2009 193646 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. L000261 1934-06-28 12671 269 Russell Senate Office Building http://levin.senate.gov/contact/ 202-224-1388 Carl 'd':4 'mi':5 'sen':1 'carl':2,6,8 'levin':3,7,9 M 300066 Levin Carl_Levin Sen. Carl Levin [D, MI] 7055 N00001691 26059 Democrat 202-224-6221 Jewish MI Carl Levin 2.01515151515152 http://levin.senate.gov/ C001035 1952-12-07 10982 413 Dirksen Senate Office Building http://collins.senate.gov/public/continue.cfm?FuseAction=ContactSenatorCollins.EmailIssue 202-224-2693 Susan 'r':4 'sen':1 'susan':2,6,8 'collin':3,7,9 F 300025 Collins Susan_Collins M. Sen. Susan Collins [R, ME] 5808 N00000491 11940 Republican 202-224-2523 Catholic ME Susan Collins 2.49206349206349 http://collins.senate.gov SenatorSusanCollins action 57255 1241409600 Mon May 04 00:00:00 -0500 2009 193646 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. action 57255 1241409600 Mon May 04 00:00:00 -0500 2009 193645 Sponsor introductory remarks on measure. (CR S5067-5069) introduced 57255 1241409600 Mon May 04 00:00:00 -0500 2009 193644