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HR 1847 114th Congress House Finance and Financial Sector Banking and financial institutions regulation Civil actions and liability Commodities markets Commodity Futures Trading Commission Securities Securities and Exchange Commission (SEC)

Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015

Introduced: April 16, 2015 Introduced by: Crawford, Eric A. "Rick" Republican · Arkansas See on congress.gov
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 Everywhere this bill has been 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 2015
Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Jul 14, 2015
Motion to reconsider laid on the table Agreed to without objection.
Jul 14, 2015
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5145-5146)
Jul 14, 2015
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5145-5146)
Jul 14, 2015
DEBATE - The House proceeded with forty minutes of debate on H.R. 1847.
Jul 14, 2015
Considered under suspension of the rules. (consideration: CR H5145-5147)
Jul 14, 2015
Mr. Hurt (VA) moved to suspend the rules and pass the bill, as amended.
Jul 14, 2015
Placed on the Union Calendar, Calendar No. 151.
Jul 14, 2015
Committee on Agriculture discharged.
Jul 14, 2015
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-202, Part I.
May 20, 2015
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
May 20, 2015
Committee Consideration and Mark-up Session Held.
May 5, 2015
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Apr 29, 2015
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Apr 16, 2015
Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, 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.
Apr 16, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015

Amends the Commodity Exchange Act, with respect to derivatives clearing organizations and swap data repositories, to repeal the prerequisite that, before the Commodity Futures Trading Commission (CFTC) may share information with specified regulatory agencies, such agencies must agree to indemnify the CFTC for expenses arising from litigation relating to information so provided.

Amends the Securities Exchange Act of 1934 to repeal similarly the prerequisite that, before a security-based swap data repository may share information with specified regulatory entities, such entities must agree to indemnify both such repository and the Securities and Exchange Commission (SEC) for expenses arising from litigation relating to information so provided.

Amends both the CEA and the SEA to require a swap or security-based swap data repository, on a confidential basis and after notification to the CFTC or the SEC, as appropriate, to make only swap or security-based swap data (currently, all data) it has obtained available to specified regulatory authorities, including other foreign authorities in addition to foreign financial supervisors, foreign central banks, and foreign ministries.

Makes these amendments effective as if enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010.

What's happening now July 15, 2015

Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

 Committees of jurisdiction 5
 Cosponsors 2
All 2 Democratic 1 Republican 1