IB 

Union Calendar No. 151 

114TH CONGRESS 

1ST SESSION H. R. 1847 

[Report No. 114–202, Part I] 

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 

APRIL 16, 2015 

Mr. CRAWFORD (for himself, Mr. SEAN PATRICK MALONEY of New York, Mr. 

HUIZENGA of Michigan, and Ms. MOORE) 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 

JULY 14, 2015 

Reported from the Committee on Financial Services with an amendment 

[Strike out all after the enacting clause and insert the part printed in italic] 

JULY 14, 2015 

The Committee on Agriculture discharged; committed to the Committee of the 

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

[For text of introduced bill, see copy of bill as introduced on April 16, 2015] 


srobinson on DSK5SPTVN1PROD with BILLS
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•HR 1847 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. 


srobinson on DSK5SPTVN1PROD with BILLS
3 

•HR 1847 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 2015’’. 

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. 7a– 

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

11 ‘‘(5) CONFIDENTIALITY AGREEMENT.—Before the 

12 Commission may share information with any entity 

13 described in paragraph (4), the Commission shall re14 ceive a written agreement from each entity stating 

15 that the entity shall abide by the confidentiality re16 quirements described in section 8 relating to the in17 formation on swap transactions that is provided.’’. 

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

19 Commodity Exchange Act (7 U.S.C. 24a(d)) is amended to 

20 read as follows: 

21 ‘‘(d) CONFIDENTIALITY AGREEMENT.—Before the swap 

22 data repository may share information with any entity de23 scribed in subsection (c)(7), the swap data repository shall 

24 receive a written agreement from each entity stating that 

25 the entity shall abide by the confidentiality requirements 


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•HR 1847 RH

1 described in section 8 relating to the information on swap 

2 transactions that is provided.’’. 

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

4 Section 13(n)(5)(H) of the Securities Exchange Act of 1934 

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

6 ‘‘(H) CONFIDENTIALITY AGREEMENT.—Be7 fore the security-based swap data repository may 

8 share information with any entity described in 

9 subparagraph (G), the security-based swap data 

10 repository shall receive a written agreement from 

11 each entity stating that the entity shall abide by 

12 the confidentiality requirements described in sec13 tion 24 relating to the information on security14 based swap transactions that is provided.’’. 

15 (d) EFFECTIVE DATE.—The amendments made by this 

16 Act shall take effect as if enacted as part of the Dodd-Frank 

17 Wall Street Reform and Consumer Protection Act (Public 

18 Law 111–203) on July 21, 2010. 

19 SEC. 3. SECURITY-BASED SWAP DATA REPOSITORIES. 

20 Section 13(n)(5)(G) of the Securities Exchange Act of 

21 1934 (15 U.S.C. 78m(n)(5)(G)) is amended by striking 

22 ‘‘all’’ and inserting ‘‘security-based swap’’. 


srobinson on DSK5SPTVN1PROD with BILLS

srobinson on DSK5SPTVN1PROD with BILLS
Union Calendar No. 151 

114TH CONGRESS 

1ST SESSION H. R. 1847 

[Report No. 114–202, Part I] 

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 inJULY 14, 2015 

Reported from the Committee on Financial Services with 

J

an amendment 

ULY 14, 2015 

The Committee on Agriculture discharged; committed to 

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


srobinson on DSK5SPTVN1PROD with BILLS