H.R.2586: Swap Execution Facility Clarification Act

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about finance and financial sector
  • Introduced July 19, 2011
  • Latest Major Action Feb. 8, 2012

Bill Summary

Swap Execution Facility Clarification Act - Amends the Commodity Exchange Act to prohibit the Commodity Futures Trading Commission (CFTC), in interpreting or defining a "security-based swap execution facility," from requiring it to: (1) have a minimum number of participants receive a bid or offer or respond to any trading system or platform functionality, (2) display or delay bids or offers for any period of time, (3) limit the means of...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.2586.

Bill Actions

Date Description
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.
Referred to House Financial Services
Referred to House Agriculture
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Subcommittee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by Voice Vote .
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-345, Part I.
House Committee on Agriculture Granted an extension for further consideration ending not later than Feb. 1, 2012.
Subcommittee on General Farm Commodities and Risk Management Discharged.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
House Committee on Agriculture Granted an extension for further consideration ending not later than Feb. 8, 2012.
Reported (Amended) by the Committee on Agriculture. H. Rept. 112-345, Part II.
Placed on the Union Calendar, Calendar No. 266.
July 19, 2011

Introduced in the House by Scott Garrett (R-N.J.)

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