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Main Subject: Finance and financial sector

This bill allows the Commodities and Futures Trading Commission (CFTC) to consider certain property as customer property for purposes of distribution priority in the event of bankruptcy of a commodities broker. Specifically, the CFTC may provide by rule that cash, securities, or other property including trading or operating accounts of the broker and commodities held in inventory by the broker are considered customer property, but only if other customer property is insufficient to satisfy the net equity claims of public customers.

HR4895-116, HR6197-116,

House committee actions Actions

Committee
Sep. 25 2019	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

House floor actions Actions

IntroReferral
Sep. 13 2019	Referred to the House Committee on Agriculture.

Library of Congress Actions

IntroReferral
Sep. 13 2019	Introduced in House Introduced in House

House bill HR4333-116

To amend the Commodity Exchange Act to provide certainty for futures customers and market participants, and for other purposes.

House bill HR4333-116

To amend the Commodity Exchange Act to provide certainty for futures customers and market participants, and for other purposes.

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