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H.R. 977:
Derivatives Markets Transparency and Accountability Act of 2009
111th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 111th Congress, in 2009-2010.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2009-2010

To amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes.

Overview

Sponsor:
Text:
Summary | Full Text
Status:
Occurred: IntroducedFeb 11, 2009
Occurred: Referred to CommitteeView Committee Assignments
Occurred: Reported by CommitteeFeb 12, 2009
Not Yet Occurred: House Vote...
Not Yet Occurred: Senate Vote...
Not Yet Occurred: Signed by President...
This bill was considered in committee which has recommended it be considered by the House as a whole. Although it has been placed on a calendar of business, the order in which legislation is considered and voted on is determined by the majority party leadership. Keep in mind that sometimes the text of one bill is incorporated into another bill, and in those cases the original bill, as it would appear here, would seem to be abandoned. [Last Updated: Jan 5, 2010 9:11PM]
Last Action:
Dec 19, 2009: Placed on the Union Calendar, Calendar No. 223.
Related:
See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.
Question & Answer
Can you answer any of these questions posed by other users? Think of it as a civic good deed. You can submit a short question too.

Feb 18, 2009 2:58 PM - What did the Boswell admendment do to the Commodity Exchange Act? - Answer it!

Sources of Influence

MAPLight.org reports that the following organizations have taken a stance on this bill:

SupportOppose
National Cotton Council of America
NASDAQ OMX
National Farmers Union
R-CALF USA
CME Group
International Swaps and Derivatives Association, Inc.
Masters Capital Management, LLC
Cargill, Inc.
Managed Funds Association
Securities Industry and Financial Markets Association
Standard Credit Group, LLC
Banc of America Investment Services, Inc.
Futures Industry Association
GFI Group, Inc
Petroleum Marketers Association of America
New England Fuel Institute
National Conference of Insurance Legislators
Eurex Clearing
Industrial Energy Consumers of America

Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill.

Because the U.S. Congress posts most legislative information online one legislative day after events occur, GovTrack is usually one legislative day behind. For more information about where this data comes from, see About GovTrack.us.
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