H.R. 977 - Derivatives Markets Transparency and Accountability Act of 2009
- Sponsor:
- Collin C. Peterson
- Summary:
- Status:
- The bill has passed through committee and has been put on a legislative calendar.
Derivatives Markets Transparency and Accountability Act of 2009
H.R. 977 — 111th Congress (2009–2010)
- Keywords
- FINANCIAL CRISIS, CREDIT CRISIS, GOVERNMENT OVERSIGHT, DERIVATIVES, FUTURES MARKETS, SPECULATION, SEC, CFTC,
- Summary
- Increases regulation and transparency of futures, options and over the counter markets. The goal is to prevent price distortions resulting from unrestrained speculative trading. Gives the Commodity Futures Trading Commission (CFTC) more oversight power of markets including the ability to suspend trading under certain circumstances, set trading limits for some commodities and to prosecute violators. CFTC and the Securities and Exchange Commission (SEC) maintain clearing power over transactions and CFTC must report the trading activity of index funds and swap dealers in agriculture and energy markets. Requires foreign traders (such as from London's financial center) to share trading data. (by CRS)
- Learn More
- At OpenCongress
- Title
- To amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes.
- Other Titles
- Derivatives Markets Transparency and Accountability Act of 2009
- Sponsor
- Collin C. Peterson
- Co-Sponsors
- Larry Kissell
- Timothy H. Bishop
- Mark Schauer
- Betsy Markey
- Tim Holden
- Heath Shuler
- Robert Wexler
- Dennis Cardoza
- Stephanie Herseth Sandlin
- Earl Pomeroy
- Michael H. Michaud
- Timothy J. Walz
- Kurt Schrader
- Nick J. Rahall II
- Robert E. Andrews
- Bobby Bright
- Steve Kagen
- John Hall
- Peter Welch
- Steve Cohen
- Brian Higgins
- Paul Hodes
- Leonard L. Boswell
- Eric Massa
- Bill Pascrell, Jr.
- Subjects
- Finance and financial sector
- Administrative law and regulatory procedures
- Air quality
- Banking and financial institutions regulation
- Business records
- Climate change
- Commodities markets
- Commodity Futures Trading Commission
- Contracts and agency
- Criminal investigation, prosecution, interrogation
- Government employee pay, benefits, personnel management
- Government information and archives
- Government investigations
- International finance and foreign exchange
- Securities
- Related Bills
- Major Actions
Introduced 2/11/2009 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 2/11/2009 2/11/2009 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. 2/11/2009 Referred to House Agriculture 2/11/2009 Referred to House Financial Services 2/12/2009 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 2/12/2009 Ordered to be Reported (Amended) by Voice Vote. 12/19/2009 Referred sequentially to the House Committee on the Judiciary for a period ending not later than Dec. 19, 2009 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(k), rule X. 12/19/2009 Reported (Amended) by the Committee on Agriculture. H. Rept. 111-385, Part I. 12/19/2009 Committee on Financial Services discharged. 12/19/2009 Committee on Judiciary discharged. Put on a legislative calendar 12/19/2009 Placed on the Union Calendar, Calendar No. 223. Number Sponsor Date Offered Status
Average contributions given to House members from interest groups that…
supported this bill
Farm organizations & cooperatives |
Cotton |
Stock exchanges |
opposed this bill
Contributions data source: OpenSecrets.org