On January 12 2017 the House of Representatives passed HR 238, the Commodity End-User Relief Act – a bipartisan bill to re-authorise the Commodity Futures Trading Commission (CFTC). Although the bill largely mirrors previous legislation re-authorising the CFTC, it includes several regulatory reforms, including:
- a provision regarding the regulation of cross-border swaps; and
- a provision that would require the CFTC to vote in order to change the current de minimis swap dealer registration threshold of $8 billion.
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