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HR 3145 111th Congress House

Credit Default Swap Prohibition Act of 2009

Official title: To amend the securities laws to prohibit credit default swaps and to provide the Securities and Exchange Commission with the authority to regulate swap agreements.

Introduced: July 9, 2009 Introduced by: Waters, Maxine Democratic · California See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresContracts and agencyCredit and credit marketsFraud offenses and financial crimes
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Licensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 9, 2009
Referred to the House Committee on Financial Services.
Jul 9, 2009
Introduced in House
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 Latest action July 9, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Credit Default Swap Prohibition Act of 2009 - Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to grant the Securities and Exchange Commission (SEC) regulatory jurisdiction over any security-based swap agreement, including authority to issue, interpert, and enforce rules and orders in a manner that imposes prophylactic measures against fraud, manipulation, or insider trading.

Defines credit default swap as: (1) a swap agreement that protects a party to it against the risk of a loss of value because of the occurrence or non-occurrence of an event or contingency specified in the agreement relating to a security, loan, or other reference asset; and (2) such other forms of credit risk protection as the SEC may, by rule, prescribe as necessary or appropriate in the public interest or for the protection of investors.

Authorizes the SEC to require registration of any security-based swap agreement.

Amends the Securities Exchange Act of 1934 to declare it unlawful for any person to enter into a credit default swap agreement or contract.


 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3145: Credit Default Swap Prohibition Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-3145/
MLA
"H.R. 3145: Credit Default Swap Prohibition Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-3145/.
Bluebook (legal)
H.R. 3145, 111th Cong. (2026), https://openamerica.io/bill/111-HR-3145/.
Markdown link
[H.R. 3145: Credit Default Swap Prohibition Act of 2009](https://openamerica.io/bill/111-HR-3145/)
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