Skip to main content
HR 3300 111th Congress House Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Banking and financial institutions regulation Civil actions and liability Commodities markets Commodity Futures Trading Commission Department of the Treasury Executive agency funding and structure Financial services and investments Licensing and registrations Securities Securities and Exchange Commission (SEC) U.S. and foreign investments

Derivative Trading Accountability and Disclosure Act

Introduced: July 22, 2009 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2010
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Jul 22, 2009
Referred to House Agriculture
Jul 22, 2009
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 22, 2009
Referred to House Financial Services
Jul 22, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Derivative Trading Accountability and Disclosure Act - Establishes within the Department of the Treasury the Office of Derivatives Supervision (Office) to: (1) implement this Act and oversee the registration of derivatives traders; (2) coordinate with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in developing comprehensive, standardized regulations for derivatives transactions; and (3) facilitate information exchange among specified agencies regarding the development of derivatives regulations.

Makes it unlawful for any unregistered derivatives trader to make use of the mails or any means or instrumentality of interstate commerce to effect any transactions in, or to induce or attempt to induce the purchase or sale of any type of derivative.

Prescribes registration requirements for derivatives traders.

Grants the SEC and CFTC authority to: (1) issue separate proposed regulations imposing specified requirements governing trading in the derivative instruments over which each Commission has jurisdiction; (2) impose civil penalties; (3) issue cease and desist orders; and (4) order an accounting and disgorgement.

Requires the Office to invite representatives of the SEC, the CFTC, regulators of domestic and foreign boards of trade, and other experts, to participate in a working group of international regulators to review international standards in order to evaluate international regulations regarding harmonization of substantive commodities and securities regulation for economically equivalent instruments.

What's happening now June 22, 2010

Referred to the Subcommittee on General Farm Commodities and Risk Management.

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 3