House Bill 6197
116th Congress(2019-2020)
CFTC Reauthorization Act of 2019
Introduced
Introduced in House on Mar 11, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6197
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
CFTC Reauthorization Act of 2019
This bill reauthorizes through FY2025 the Commodity Futures Trading Commission (CFTC) and generally revises provisions related to the CFTC. Among other things, the bill
- exempts certain companies from the mandatory swaps clearing requirements if they have less than $10 million in assets,
- provides for the regulation of digital commodities,
- exempts certain charitable organizations from commodity trading advisor and commodity pool operator registration requirements,
- provides that the CFTC's authority to enforce prohibitions regarding fraud and other disruptive trading practices applies to foreign activities,
- eliminates the double-sided confirmation requirement for swap data repositories, and
- expands whistleblower protections.
March 11, 2020
03/11/2020
Referred to the House Committee on Agriculture.
03/11/2020
Introduced in House
Public Record
Record Updated
Feb 9, 2022 3:57:13 AM