H.R.2586 - Swap Execution Facility Clarification Act
To refine the definition of swap execution facility in the provisions regulating swap markets added by title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. view all titles (3)
All Bill Titles
- Official: To refine the definition of swap execution facility in the provisions regulating swap markets added by title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. as introduced.
- Short: Swap Execution Facility Clarification Act as introduced.
- Short: Swap Execution Facility Clarification Act as reported to house.
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Official Summary
2/8/2012--Reported to House amended, Part II. Swap Execution Facility Clarification Act - Amends the Commodity Exchange Act to prohibit the Commodity Futures Trading Commission (CFTC), in interpreting or defining a "security-based swap execution facility," from requiring it to: (Official Summary
2/8/2012--Reported to House amended, Part II. Swap Execution Facility Clarification Act - Amends the Commodity Exchange Act to prohibit the Commodity Futures Trading Commission (CFTC), in interpreting or defining a "security-based swap execution facility," from requiring it to:(1) have a minimum number of participants receive a bid or offer or respond to any trading system or platform functionality,
(2) display or delay bids or offers for any period of time,
(3) limit the means of interstate commerce used by market participants to enter into and execute swap transactions on the trading system or platform, or
(4) require bids or offers on one trading system or platform operated by the swap execution facility to interact with bids or offers on another trading system or platform operated by that facility. Amends the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission (SEC), in interpreting or defining a "security-based swap execution facility," from requiring such a facility to do any of the things the CFTC is prohibited by this Act from requiring, with the exception that the SEC may not require such a facility to limit the means of interstate commerce used by market participants to enter into and execute security-based swap transactions on the method of trading functionality.
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Latest Letters to Congress
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H.R.2586 Swap Execution Facility Clarification Act
soitgoes12
November 29, 2011
I am writing as your constituent in the 3rd Congressional district of Tennessee. I oppose H.R.2586 - Swap Execution Facility Clarification Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Drew Howe -
H.R.2586 Swap Execution Facility Clarification Act
jhubbs
November 28, 2011
I am writing as your constituent in the 6th Congressional district of Tennessee. I oppose H.R.2586 - Swap Execution Facility Clarification Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
John Hubbs -
H.R.2586 Swap Execution Facility Clarification Act
jhubbs
November 15, 2011
I am writing as your constituent in the 6th Congressional district of Tennessee. I oppose H.R.2586 - Swap Execution Facility Clarification Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
John Hubbs

U.S. Congress - H.R.2586 Swap Execution Facility Clarification Act



