US Congress House Bill 4333 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on September 13 2019 - 25% progression, died in committee
Action: 2019-09-25 - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Pending: House Commodity Exchanges, Energy, and Credit Committee
Text: Latest bill text (Introduced) [PDF]

Allows the Commodities and Futures Trading Commission (CFTC) to consider certain property as customer property for purposes of distribution priority in the event of bankruptcy of a commodities broker. Specifically, the CFTC may provide by rule that cash, securities, or other property including trading or operating accounts of the broker and commodities held in inventory by the broker are considered customer property, but only if other customer property is insufficient to satisfy the net equity claims of public customers.

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

Rep. Abigail Spanberger [D-VA]

Rep. John Katko [R-NY]

Date	Chamber	Action
2019-09-25	House	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2019-09-13	House	Referred to the House Committee on Agriculture.
2019-09-13	House	Introduced in House

HB4895 (Related) 2019-11-26 - Placed on the Union Calendar, Calendar No. 254.
HB6197 (Related) 2020-03-11 - Referred to the House Committee on Agriculture.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/4333/all-info
Text	https://www.congress.gov/116/bills/hr4333/BILLS-116hr4333ih.pdf