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Union Calendar No. 75 

113TH CONGRESS 

1ST SESSION H. R. 742 

[Report No. 113–106, Parts I and II] 

To amend the Securities Exchange Act of 1934 and the Commodity Exchange 

Act to repeal the indemnification requirements for regulatory authorities 

to obtain access to swap data required to be provided by swaps entities 

under such Acts. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 15, 2013 

Mr. CRAWFORD (for himself, Ms. MOORE, Mr. SEAN PATRICK MALONEY of 

New York, and Mr. HUIZENGA of Michigan) introduced the following bill; 

which was referred to the Committee on Agriculture, and in addition to 

the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions 

as fall within the jurisdiction of the committee concerned 

JUNE 12, 2013 

Additional sponsors: Mr. CONAWAY, Mr. DAVID SCOTT of Georgia, Mr. 

VARGAS, Mr. KIND, Mr. MURPHY of Florida, Mr. COURTNEY, Mr. 

DEUTCH, Mr. GIBSON, Mr. HINOJOSA, and Mr. HASTINGS of Florida 

JUNE 12, 2013 

Reported from the Committee on Agriculture 

JUNE 12, 2013 

Reported from the Committee on Financial Services; committed to the Committee of the Whole House on the State of the Union and ordered to be 

printed 

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•HR 742 RH

A BILL 

To amend the Securities Exchange Act of 1934 and the 

Commodity Exchange Act to repeal the indemnification 

requirements for regulatory authorities to obtain access 

to swap data required to be provided by swaps entities 

under such Acts. 

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•HR 742 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Swap Data Repository 

5 and Clearinghouse Indemnification Correction Act of 

6 2013’’. 

7 SEC. 2. REPEAL OF INDEMNIFICATION REQUIREMENTS. 

8 (a) DERIVATIVES CLEARING ORGANIZATIONS.—Sec9 tion 5b(k)(5) of the Commodity Exchange Act (7 U.S.C. 

10 7a–1(k)(5)) is amended to read as follows: 

11 ‘‘(5) CONFIDENTIALITY AGREEMENT.—Before 

12 the Commission may share information with any en13 tity described in paragraph (4), the Commission 

14 shall receive a written agreement from each entity 

15 stating that the entity shall abide by the confiden16 tiality requirements described in section 8 relating to 

17 the information on swap transactions that is pro18 vided.’’. 

19 (b) SWAP DATA REPOSITORIES.—Section 21(d) of 

20 the Commodity Exchange Act (7 U.S.C. 24a(d)) is amend21 ed to read as follows: 

22 ‘‘(d) CONFIDENTIALITY AGREEMENT.—Before the 

23 swap data repository may share information with any enti24 ty described in subsection (c)(7), the swap data repository 

25 shall receive a written agreement from each entity stating 

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1 that the entity shall abide by the confidentiality require2 ments described in section 8 relating to the information 

3 on swap transactions that is provided.’’. 

4 (c) SECURITY-BASED SWAP DATA REPOSITORIES.— 

5 Section 13(n)(5)(H) of the Securities Exchange Act of 

6 1934 (15 U.S.C. 78m(n)(5)(H)) is amended to read as 

7 follows: 

8 ‘‘(H) CONFIDENTIALITY AGREEMENT.— 

9 Before the security-based swap data repository 

10 may share information with any entity de11 scribed in subparagraph (G), the security-based 

12 swap data repository shall receive a written 

13 agreement from each entity stating that the en14 tity shall abide by the confidentiality require15 ments described in section 24 relating to the in16 formation on security-based swap transactions 

17 that is provided.’’. 

18 (d) EFFECTIVE DATE.—The amendments made by 

19 this Act shall take effect as if enacted as part of the Dodd20 Frank Wall Street Reform and Consumer Protection Act 

21 (Public Law 111–203) on July 21, 2010. 

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mstockstill on DSK4VPTVN1PROD with BILLS

Union Calendar No. 75 

113TH CONGRESS 

1ST SESSION H. R. 742 

[Report No. 113–106, Parts I and II] 

A BILL 

To amend the Securities Exchange Act of 1934 and 

to be provided by swaps entities under such Acts. thorities to obtain access to swap data required demnification requirements for regulatory authe Commodity Exchange Act to repeal the inJUNE 12, 2013 

Reported from the Committee on Agriculture 

JUNE 12, 2013 

Reported from the Committee on Financial Services; 

the State of the Union and ordered to be printed committed to the Committee of the Whole House on 

mstockstill on DSK4VPTVN1PROD with BILLS