H.R. 4235 — Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012 | PoliFocus

H.R. 4235112th Congress

Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012

To amend the Securities Exchange Act of 1934 and the Commodity Exchange Act to repeal the indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entities under such Acts.

Subjects

Finance and Financial Sector

Summary

Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012 - Amends the Commodity Exchange Act, with respect to derivatives clearing organizations and swap data repositories, to repeal the prerequisite that, before the Commodity Futures Trading Commission (CFTC) may share information with specified regulatory agencies, such agencies must agree to indemnify the CFTC for expenses arising from litigation relating to information so provided.

Amends the Securities Exchange Act of 1934 to repeal similarly the prerequisite that, before a security-based swap data repository may share information with specified regulatory entities, such entities must agree to indemnify both such repository and the Securities and Exchange Commission (SEC) for expenses arising from litigation relating to information so provided.

Full Text

Legislative Actions

2012-03-21
Introduced in House
2012-03-21
Introduced in House
2012-03-21
Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, 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.
2012-03-21
Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, 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.
2012-03-21
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
2012-03-27
Committee Consideration and Mark-up Session Held.
2012-03-27
Ordered to be Reported (Amended) by Voice Vote.
2012-05-09
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-471, Part I.
2012-05-09
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-471, Part I.

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