Rep. Frank Lucas, Chairman of the House Agriculture Committee, today issued a statement in response to the Commodity Futures Trading Commission's (CFTC) surprise "advisory notice" to further regulate cross-border swaps.
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