S 1682
111th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Administrative remedies
Civil actions and liability
Commodities markets
Commodity Futures Trading Commission
Fraud offenses and financial crimes
Derivatives Market Manipulation Prevention Act of 2009
Introduced: September 17, 2009
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2009
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S9557-9559)
Sep 17, 2009
Sponsor introductory remarks on measure. (CR S9556-9557)
Sep 17, 2009
Introduced in Senate
Plain-English summary
Derivatives Market Manipulation Prevention Act of 2009 - Amends the Commodity Exchange Act to prohibit swap and other derivatives market manipulation and the reporting of false information relating to swaps. Subjects violations to specified civil penalties, and grants the Commodity Futures Trading Commission (CFTC) enforcement powers.
Extends to swaps the requirements for cease and desist orders and fines against persons (other than a registered entity) for market price manipulations and other violations.
Extends private rights of action to contracts connected with a swap.
What's happening now
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S9557-9559)
Committees of jurisdiction
1