Rep. Frank Lucas, Chairman of the House Agriculture Committee, and Rep. Doug LaMalfa today issued statements after the Commodity Futures Trading Commission (CFTC) voted, 4-0, to exempt producers, utility companies, and other non-financial entities from being required to register as swap dealers when they enter into energy contracts with government-owned utilities.
H.R. 742, the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013
To amend the Securities Exchange Act of 1934 and the Commodity Exchange Act to repeal the idemnification requirement for regulatory authorities to obtain acess to swap data required to be provided by swaps entities under such Acts.
Reps. Rick Crawford (R-AR), Sean Patrick Maloney (D-NY), Bill Huizenga (R-MI), and Gwen Moore (D-WI).
Introduced in the U.S. House of Representatives on February 13, 2013
Ordered reported by voice vote on March 20, 2013