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. 1256, the Swap Jurisdiction Certainty Act
To direct the Securities and Exchange Commission and the Commodity Futures Trading Commission to jointly adopt rules setting forth the application to cross-border swaps transactions of certain provisions relating to swaps that were enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Reps. Scott Garrett (R-NJ), Mike Conaway (R-TX), David Scott (D-CA), and John Carney (D-DE)
Introduced in the U.S. House of Representatives on March 19, 2013
Ordered reported by voice vote on March 20, 2013