A bill to amend the Commodity Exchange Act to require a review of current exemptions granted to foreign entities in response to an attempt by a foreign authority to exercise direct supervisory authority over a domestic derivatives clearing organization.
About This Bill
Committee
Latest Action · November 21, 2019
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
This bill requires the Commodity Futures Trading Commission (CFTC) to respond to a foreign regulator seeking to assert authority over a U.S. derivatives clearing organization. The CFTC must do this by reviewing exemptions granted by the CFTC to foreign entities that are under the jurisdiction of that foreign authority.
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