H.R.4267 - Commodity Delivery Relief Act113th Congress (2013-2014)
|Sponsor:||Rep. McAllister, Vance M. [R-LA-5] (Introduced 03/14/2014)|
|Committees:||House - Agriculture|
|Latest Action:||House - 04/01/2014 Referred to the Subcommittee on General Farm Commodities and Risk Management. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4267 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in House (03/14/2014)
Commodity Delivery Relief Act - Amends the Commodity Exchange Act to revise the exclusion from the definition of "swap" of any sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled.
Excludes from the meaning of "swap" also: (1) any purchase of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled; and (2) any stand-alone or embedded option for which exercise results in a physical delivery obligation.