H.R. 5660 (106th): Commodity Futures Modernization Act of 2000

Introduced:
Dec 14, 2000 (106th Congress, 1999–2000)
Sponsor:
Rep. Thomas Ewing [R-IL15]
Status:
Died (Referred to Committee)
See Instead:

S. 3283 (same title)
Introduced — Dec 15, 2000

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

(About Ads | Go Ad-Free for $5)
Status

This bill was introduced on December 14, 2000, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 14, 2000
Cosponsors
4 cosponsors (3R, 1D) (show)
Committees

House Agriculture

House Energy and Commerce

House Financial Services

House Judiciary

The committee chair determines whether a bill will move past the committee stage.

Full Title

To reauthorize and amend the Commodity Exchange Act to promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Dec 14, 2000.
262 pages

Primary Source

View on THOMAS (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.

Citation

Click a format for a citation suggestion:

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

12/14/2000--Introduced.
TABLE OF CONTENTS:
- Title I: Commodity Futures Modernization
- Title II: Coordinated Regulation of Security Futures
- Subtitle A: Securities Law Amendments
- Subtitle B: Amendments to the Commodity Exchange Act
- Title III: Legal Certainty for Swap Agreements
- Title IV: Regulatory Responsibility for Bank Products
Commodity Futures Modernization Act of 2000 -
Title I - Commodity Futures Modernization
Amends the Commodity Exchange Act to authorize appropriations for authorities and activities under such Act.
Revises specified provisions, including: (1) over-the-counter derivatives; (2) futures exchange regulation; (3) contracts; (4) prohibited transactions; and (5) boards of trade.
Title II - Coordinated Regulation of Security Futures Products
Subtitle A - Securities Law Amendments
Amends the Securities Exchange Act of 1934 respecting: (1) regulatory relief for markets and intermediaries trading security futures products; and (2) and interagency cooperation.
Subtitle B - Amendments to the Commodity Exchange Act
Amends the Commodity Exchange Act respecting Securities and Exchange Commission jurisdiction.
Title III - Legal Certainty for Swap Agreements
Amends the Gramm-Leach-Bliley Act, the Securities Act of 1933, and the Securities Exchange Act of 1934 respecting swap agreements.
Title IV - Regulatory Responsibility for Bank Products
Legal Certainty for Bank Products Act of 2000 - Excludes specified banking products and swap agreements from Commodity Futures Exchange Commission coverage.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

The bill contains the following citations to other parts of U.S. law:

Slip Laws

Slip laws refer to enacted bills and joint resolutions in their original form as enacted by Congress, that is, before other laws amend them. Slip laws are cited as “Public Law XXX-YYY”, where XXX is the number of the Congress in which the bill or resolution was introduced.

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)