Derivative Trading Accountability and Disclosure Act

Summary

Derivative Trading Accountability and Disclosure Act - Establishes within the Department of the Treasury the Office of Derivatives Supervision (Office) to: (1) implement this Act and oversee the registration of derivatives traders; (2) coordinate with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in developing comprehensive, standardized regulations for derivatives transactions; and (3) facilitate information exchange among specified agencies regarding the development of derivatives regulations. Makes it unlawful for any unregistered derivatives trader to make use of the mails or any means or instrumentality of interstate commerce to effect any transactions in, or to induce or attempt to induce the purchase or sale of any type of derivative. Prescribes registration requirements for derivatives traders. Grants the SEC and CFTC authority to: (1) issue separate proposed regulations imposing specified requirements governing trading in the derivative instruments over which each Commission has jurisdiction; (2) impose civil penalties; (3) issue cease and desist orders; and (4) order an accounting and disgorgement. Requires the Office to invite representatives of the SEC, the CFTC, regulators of domestic and foreign boards of trade, and other experts, to participate in a working group of international regulators to review international standards in order to evaluate international regulations regarding harmonization of substantive commodities and securities regulation for economically equivalent instruments.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 July 2009

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.

   Source: IntroReferral

2. 22 July 2009

   Introduced

   Referred to House Financial Services

   Source: IntroReferral

3. 22 July 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 July 2009

   Introduced

   Introduced in House

   Source: IntroReferral

5. 22 June 2010

   Referred

   Referred to the Subcommittee on General Farm Commodities and Risk Management.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 July 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 July 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 July 2009

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 22 July 2009

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. McMahon, Michael E. [D-NY-13] · D · Sponsor
• Rep. Bean, Melissa L. [D-IL-8] · D · Sponsor
• Rep. Moore, Dennis [D-KS-3] · D · Sponsor
• Rep. Himes, James A. [D-CT-4] · D · Sponsor
• Rep. Crowley, Joseph [D-NY-14] · D · Sponsor
• Rep. Kind, Ron [D-WI-3] · D · Sponsor
• Rep. Smith, Adam [D-WA-9] · D · Sponsor
• Rep. McCarthy, Carolyn [D-NY-4] · D · Sponsor
• Rep. Schwartz, Allyson Y. [D-PA-13] · D · Sponsor
• Rep. Adler, John H. [D-NJ-3] · D · Sponsor
• Rep. Kosmas, Suzanne M. [D-FL-24] · D · Sponsor
• Sen. Peters, Gary C. [D-MI] · D · Sponsor
• Rep. Murphy, Scott [D-NY-20] · D · Sponsor
• Rep. Perlmutter, Ed [D-CO-7] · D · Cosponsor
• · hsag00 · Standing
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.