On January 15, Senator Tom Harkin introduced the Derivatives Trading Integrity Act of 2009, the text of which had been introduced in the previous Congress. The proposed legislation would amend the Commodity Exchange Act to (i) eliminate regulatory exemptions and exclusions that were created by the Commodity Futures Modernization Act of 2000, and (ii) require that all futures contracts, swaps and other over-the-counter derivatives contracts be traded on a regulated exchange. The bill was referred to the Committee on Agriculture, Nutrition and Forestry, of which Mr. Harkin is Chairman.