Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012

Bill: 112-hr-4235
Sponsor: Rep. Dold, Robert J. [R-IL-10]
Introduced: 2012-03-21 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Business records
Commodities markets
Commodity Futures Trading Commission
Contracts and agency
Executive agency funding and structure
Government information and archives
Securities
Securities and Exchange Commission (SEC)
Trade secrets and economic espionage

Summary:
action_date: 2012-03-21
text: 
 Amends the Commodity Exchange Act, with respect to derivatives clearing organizations and swap data repositories, to repeal the prerequisite that, before the Commodity Futures Trading Commission (CFTC) may share information with specified regulatory agencies, such agencies must agree to indemnify the CFTC for expenses arising from litigation relating to information so provided. 
 
Amends the Securities Exchange Act of 1934 to repeal similarly the prerequisite that, before a security-based swap data repository may share information with specified regulatory entities, such entities must agree to indemnify both such repository and the Securities and Exchange Commission (SEC) for expenses arising from litigation relating to information so provided. 

action_date: 2012-05-09
text: 
 Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012 - Amends the Commodity Exchange Act, with respect to derivatives clearing organizations and swap data repositories, to repeal the prerequisite that, before the Commodity Futures Trading Commission (CFTC) may share information with specified regulatory agencies, such agencies must agree to indemnify the CFTC for expenses arising from litigation relating to information so provided. 
 
Amends the Securities Exchange Act of 1934 to repeal similarly the prerequisite that, before a security-based swap data repository may share information with specified regulatory entities, such entities must agree to indemnify both such repository and the Securities and Exchange Commission (SEC) for expenses arising from litigation relating to information so provided. 
 


Legislative actions:
action_date: 2012-05-09
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 112-471, Part I.
action_date: 2012-05-09
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 112-471, Part I.
action_date: 2012-03-27
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2012-03-27
text: Committee Consideration and Mark-up Session Held.
action_date: 2012-03-21
text: Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
action_date: 2012-03-21
text: 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.
action_date: 2012-03-21
text: 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.
action_date: 2012-03-21
text: Introduced in House
action_date: 2012-03-21
text: Introduced in House