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House Bill 4333
116th Congress(2019-2020)
To amend the Commodity Exchange Act to provide certainty for futures customers and market participants, and for other purposes.
Introduced
Introduced
Introduced in House on Sep 13, 2019
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Introduced in House 
Sep 13, 2019
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Introduced in House(Sep 13, 2019)
Sep 13, 2019
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 4333 (Introduced-in-House)


116th CONGRESS
1st Session
H. R. 4333


To amend the Commodity Exchange Act to provide certainty for futures customers and market participants, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

September 13, 2019

Ms. Spanberger introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To amend the Commodity Exchange Act to provide certainty for futures customers and market participants, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Certainty for futures customers and market participants.

Section 20(a) of the Commodity Exchange Act (7 U.S.C. 24(a)) is amended—

(1) by striking “and” at the end of paragraph (4);

(2) by striking the period at the end of paragraph (5) and inserting “; and”; and

(3) by adding at the end the following:

“(6) that cash, securities, or other property of the estate of a commodity broker, including the trading or operating accounts of the commodity broker and commodities held in inventory by the commodity broker, shall be included in customer property, subject to any otherwise unavoidable security interest, or otherwise unavoidable contractual offset or netting rights of creditors (including rights set forth in a rule or bylaw of a derivatives clearing organization or a clearing agency) in respect of such property, but only to the extent that the property that is otherwise customer property is insufficient to satisfy the net equity claims of public customers (as such term may be defined by the Commission by rule or regulation) of the commodity broker.”.