Commodity Delivery Relief Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 14, 2014)
Commodity Delivery Relief Act - Amends the Commodity Exchange Act to revise the exclusion from the definition of "swap" of any sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled.
Excludes from the meaning of "swap" also: (1) any purchase of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled; and (2) any stand-alone or embedded option for which exercise results in a physical delivery obligation.
What just happenedApr 1, 2014
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Who’s behind it
- Introduced in HouseMar 14, 2014
- Apr 1, 2014Committee
Referred to the Subcommittee on General Farm Commodities and Risk Management.
General Farm Commodities, Risk Management, and Credit Subcommittee - Mar 14, 2014IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Mar 14, 2014IntroReferralIntro-H
Introduced in House
- Mar 14, 2014IntroReferral1000
Introduced in House