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United States · Bill · HR

H.R. 2586 (112th)

Swap Execution Facility Clarification Act

openUnited States· United States Congress· EN

Introduced

19 July 2011

Last action

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Status

Placed on the Union Calendar, Calendar No. 266.

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Swap Execution Facility Clarification Act - Amends the Commodity Exchange Act and the Securities Exchange Act of 1934 to prohibit both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), in interpreting or defining a "security-based swap execution facility," from requiring one to: (1) have a minimum number of participants receive a bid or offer or respond to any trading system or platform functionality, (2) display or delay bids or offers for any period of time, (3) limit the means of interstate commerce used by market participants to enter into and execute swap transactions on the trading system or platform; or (4) require bids or offers on one trading system or platform operated by the swap execution facility to interact with bids or offers on another trading system or platform operated by the swap execution facility.

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Documents

7 official files

Reported in House (text)

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