116th CONGRESS 1st Session |
To amend the Commodity Exchange Act to eliminate the double-sided confirmation requirement for swap data repositories.
September 9, 2019
Mr. Harder of California introduced the following bill; which was referred to the Committee on Agriculture
To amend the Commodity Exchange Act to eliminate the double-sided confirmation requirement for swap data repositories.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Financial Watchdog Support Act”.
SEC. 2. Elimination of the double-sided confirmation requirement for swap data repositories.
(a) In general.—Section 21(c) of the Commodity Exchange Act (7 U.S.C. 24a(c)) is amended by striking paragraph (2) and redesignating paragraphs (3) through (8) as paragraphs (2) through (7), respectively.
(b) Conforming amendment.—Section 21(d) of such Act (7 U.S.C. 24a(d)) is amended by striking “(c)(7)” and inserting “(c)(6)”.