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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Senate Committee on Agriculture, Nutrition, and Forestry
  • The house Passed June 12th, 2013
    Roll Call Vote 420 Yea / 2 Nay
      house Committees
      House Committee on Agriculture
      House Committee on Financial Services
      Capital Markets and Government Sponsored Enterprises
    IntroducedFebruary 15th, 2013

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Bill Details

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Title

Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013

Official Title

To amend the Securities Exchange Act of 1934 and the Commodity Exchange Act to repeal the indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entities under such Acts.

Summary

Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013 - 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.

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