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United States · Bill · HR

H.R. 8836 (117th)

EXPORT Act of 2022

referredUnited States· United States Congress· EN

Introduced

15 September 2022

Last action

Status

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Expanding Possibilities and Opportunities to Reinvigorate Trade Act of 2022 or the EXPORT Act of 2022 This bill exempts certain money transmitters from specified capital and margin requirements that otherwise apply to counterparty swaps. Specifically, these money transmitters must (1) only enter into swaps for the purpose of offsetting risks from foreign currency contracts with a non-end user, and (2) have annual assets of $1 billion or less.

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Documents

3 official files

Introduced in House (text)

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