H. R. 6197, CFTC Reauthorization Act of 2019.

Summary: This bill reauthorizes through FY2025 the Commodity Futures Trading Commission (CFTC) and generally revises provisions related to the CFTC. Among other things, the bill

  • exempts certain companies from the mandatory swaps clearing requirements if they have less than $10 million in assets,
  • provides for the regulation of digital commodities,
  • exempts certain charitable organizations from commodity trading advisor and commodity pool operator registration requirements,
  • provides that the CFTC’s authority to enforce prohibitions regarding fraud and other disruptive trading practices applies to foreign activities,
  • eliminates the double-sided confirmation requirement for swap data repositories, and
  • expands whistleblower protections. (Cosponsors)

ANGIE CRAIG’S POSITION:  Representative Craig Cosponsored the bill on 06/15/20.

STATUS: Introduced 03/11/20 by Rep. Peterson, Collin C. [D-MN-7] .

INFORMATION RELATED TO THE BILL:

  • “I commend Chairman Peterson, Ranking Member Conaway, and the House Agriculture Committee for unanimously passing bipartisan legislation to reauthorize the CFTC.” (Source: Chairman, CFTC)

ADDITIONAL DETAIL: 

Link to the text of the bill.

Link to bill information (support and opposition) on Countable.

Link to bill information on GovTrack.