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senate Bill S. 1682

Derivatives Market Manipulation Prevention Act of 2009

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Senate Committee on Agriculture, Nutrition, and Forestry
    IntroducedSeptember 17th, 2009

Bill Details

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Title

Derivatives Market Manipulation Prevention Act of 2009

Official Title

A bill to provide the Commodity Futures Trading Commission with clear antimarket manipulation authority, and for other purposes.

Summary

Derivatives Market Manipulation Prevention Act of 2009 - Amends the Commodity Exchange Act to prohibit swap and other derivatives market manipulation and the reporting of false information relating to swaps. Subjects violations to specified civil penalties, and grants the Commodity Futures Trading Commission (CFTC) enforcement powers. Extends to swaps the requirements for cease and desist orders and fines against persons (other than a registered entity) for market price manipulations and other violations. Extends private rights of action to contracts connected with a swap.

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