Inter-Affiliate Swap Clarification Act
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Inter-Affiliate Swap Clarification Act - Amends the Commodity Exchange Act and the Securities Exchange Act of 1934, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to exempt from certain regulatory requirements any swaps and security-based swaps entered into by parties neither of which is a swap dealer or a major swap participant: (1) that is also an insured depository institution, (2) that reports information or prepares financial statements on a consolidated basis, or (3) for which a company affiliated with both parties reports information or prepares financial statements on a consolidated basis.
Requires that such exempted agreements, contracts, or transactions be reported to an appropriate data repository, or, if there is no such repository that would accept them, to: (1) the Commodity Futures Trading Commission (CFTC) in the case of exempted swaps, or (2) the Securities and Exchange Commission (SEC) in the case of exempted security-based swaps.
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 677: Inter-Affiliate Swap Clarification Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-677/
"H.R. 677: Inter-Affiliate Swap Clarification Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-677/.
H.R. 677, 113th Cong. (2026), https://openamerica.io/bill/113-HR-677/.
[H.R. 677: Inter-Affiliate Swap Clarification Act](https://openamerica.io/bill/113-HR-677/)