H.R.4235 - Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012112th Congress (2011-2012)
|Sponsor:||Rep. Dold, Robert J. [R-IL-10] (Introduced 03/21/2012)|
|Committees:||House - Agriculture; Financial Services|
|Committee Reports:||H. Rept. 112-471|
|Latest Action:||05/09/2012 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-471, Part I. (All Actions)|
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Summary: H.R.4235 — 112th Congress (2011-2012)All Information (Except Text)
Reported to House amended, Part I (05/09/2012)
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.