To improve the netting process for financial contracts, and for other purposes.
Sponsor and status
Sponsor. Representative for North Carolina's 10th congressional district. Republican.
Last Updated: Nov 16, 2006
Length: 9 pages
109th Congress (2005–2006)
Enacted — Signed by the President on Dec 12, 2006
This bill was enacted after being signed by the President on December 12, 2006.
H.R. 5585 (109th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 5585. This is the one from the 109th Congress.
This bill was introduced in the 109th Congress, which met from Jan 4, 2005 to Dec 9, 2006. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2020). H.R. 5585 — 109th Congress: Financial Netting Improvements Act of 2006. Retrieved from https://www.govtrack.us/congress/bills/109/hr5585
“H.R. 5585 — 109th Congress: Financial Netting Improvements Act of 2006.” www.GovTrack.us. 2006. December 5, 2020 <https://www.govtrack.us/congress/bills/109/hr5585>
Financial Netting Improvements Act of 2006, Pub. L. No. 109-390, H.R. 5585, 109th Cong..
|title=H.R. 5585 (109th)
|accessdate=December 5, 2020
|author=109th Congress (2006)
|date=June 12, 2006
|quote=Financial Netting Improvements Act of 2006
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