A bill to require the Board of Governors of the Federal Reserve System to establish the minimum amount of margin which may be required to purchase or carry any contract, and any option on a contract, of sale for future delivery of a group or index of securities or related interests and to submit a report on the margin requirements initially established pursuant to this Act to the Committee on Agriculture, the Committee on Banking, Finance and Urban Affairs, and the Committee on Energy and Commerce of the House of Representatives.
Securities Futures Market Credit Protection Act - Amends the Commodity Exchange Act to require the Federal Reserve Board to prescribe regulations for the minimum amount of margin which may be required to purchase or carry any contract, or any option on a contract, of the sale for future delivery of: (1) any group or index of securities; (2) any interest in any group or index of securities; or (3) any interest based on the value of any group or index of securities. Sets forth guidelines for such regulations.
Makes unlawful the violation of any such regulations prescribed by the Federal Reserve Board. Makes unlawful the obtaining of a loan or other extension of credit in violation of such regulations. Sets forth enforcement provisions.
Requires the Federal Reserve Board to report to specified committees of the Congress concerning such regulations.
Specifies that any such regulations shall apply prospectively and shall not apply to contracts or options which were entered into before the effective date of such regulations.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to House Committee on Energy and Commerce.
Referred to Subcommittee on Conservation Credit and Rural Development.
Referred to Subcommittee on Domestic Monetary Policy.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Referred to Subcommittee on Telecommunications and Finance.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
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