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CFTC Reauthorization Act of 2019

2/9/2022, 3:57 AM

Congressional Summary of HR 6197

CFTC Reauthorization Act of 2019

This bill reauthorizes through FY2025 the Commodity Futures Trading Commission (CFTC) and generally revises provisions related to the CFTC. Among other things, the bill

  • exempts certain companies from the mandatory swaps clearing requirements if they have less than $10 million in assets,
  • provides for the regulation of digital commodities,
  • exempts certain charitable organizations from commodity trading advisor and commodity pool operator registration requirements,
  • provides that the CFTC's authority to enforce prohibitions regarding fraud and other disruptive trading practices applies to foreign activities,
  • eliminates the double-sided confirmation requirement for swap data repositories, and
  • expands whistleblower protections.

Current Status of Bill HR 6197

Bill HR 6197 is currently in the status of Bill Introduced since March 11, 2020. Bill HR 6197 was introduced during Congress 116 and was introduced to the House on March 11, 2020.  Bill HR 6197's most recent activity was Referred to the House Committee on Agriculture. as of March 11, 2020

Bipartisan Support of Bill HR 6197

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
52
Democrat Cosponsors
50
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6197

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures
- Advisory bodies
- Bankruptcy
- Commodities markets
- Commodity Futures Trading Commission
- Competitiveness, trade promotion, trade deficits
- Congressional oversight
- Digital media
- Economic theory
- Employment discrimination and employee rights
- Executive agency funding and structure
- Federal officials
- Fraud offenses and financial crimes
- Government employee pay, benefits, personnel management
- Government information and archives
- Government studies and investigations
- Inflation and prices
- Licensing and registrations
- Metals
- Minority employment
- Research administration and funding
- Research and development
- Social work, volunteer service, charitable organizations
- Trade secrets and economic espionage
- Women's employment

Alternate Title(s) of Bill HR 6197

CFTC Reauthorization Act of 2019
To reauthorize the Commodity Futures Trading Commission.
CFTC Reauthorization Act of 2019

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