United States 114th Congress Status: Died 1 R cosponsors

HR 1847 — Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015

Last action — Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015 Amends the Commodity Exchange Act, with respect to derivatives clearing organizations and swap data repositories, to repeal the prerequisite that, before the Commodity Futures Trading Commission (CFTC) may share information with specified regulatory agencies, such agencies must agree to indemnify the CFTC for expenses arising from litigation relating to information so provided. Amends the Securities Exchange Act of 1934 to repeal similarly the prerequisite that, before a security-based swap data repository may share information with specified regulatory entities, such entities must agree to indemnify both such repository and the Securities and Exchange Commission (SEC) for expenses arising from litigation relating to information so provided. Amends both the CEA and the SEA to require a swap or security-based swap data repository, on a confidential basis and after notification to the CFTC or the SEC, as appropriate, to make only swap or security-based swap data (currently, all data) it has obtained available to specified regulatory authorities, including other foreign authorities in addition to foreign financial supervisors, foreign central banks, and foreign ministries. Makes these amendments effective as if enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 1847 on the official United States source →

Action History

  1. Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

  2. Motion to reconsider laid on the table Agreed to without objection.

  3. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5145-5146)

  4. DEBATE - The House proceeded with forty minutes of debate on H.R. 1847.

  5. Considered under suspension of the rules. (consideration: CR H5145-5147)

  6. Mr. Hurt (VA) moved to suspend the rules and pass the bill, as amended.

  7. Placed on the Union Calendar, Calendar No. 151.

  8. Committee on Agriculture discharged.

  9. Reported (Amended) by the Committee on Financial Services. H. Rept. 114-202, Part I.

  10. Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.

  11. Committee Consideration and Mark-up Session Held.

  12. Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

  13. Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

  14. Referred to House Financial Services

  15. Referred to House Agriculture

  16. 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.

  17. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does HR 1847 do?
Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015 Amends the Commodity Exchange Act, with respect to derivatives clearing organizations and swap data repositories, to repeal the prerequisite that, before the Commodity Futures Trading Commission (CFTC) may share information with specified regulatory agencies, such agencies must agree to indemnify the CFTC for expenses arising from litigation relating to information so provided. Amends the Securities Exchange Act of 1934 to repeal similarly the prerequisite that, before a security-based swap data repository may share information with specified regulatory entities, such entities must agree to indemnify both such repository and the Securities and Exchange Commission (SEC) for expenses arising from litigation relating to information so provided. Amends both the CEA and the SEA to require a swap or security-based swap data repository, on a confidential basis and after notification to the CFTC or the SEC, as appropriate, to make only swap or security-based swap data (currently, all data) it has obtained available to specified regulatory authorities, including other foreign authorities in addition to foreign financial supervisors, foreign central banks, and foreign ministries. Makes these amendments effective as if enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010.
Who sponsors HR 1847?
HR 1847 is sponsored by Eric Crawford (R).
What is the current status of HR 1847?
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 1847?
Track HR 1847 free on One Click Politics — get push/email alerts when it moves.

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