Summary: H.R.4333 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.4333. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/13/2019)

This bill allows the Commodities and Futures Trading Commission (CFTC) to consider certain property as customer property for purposes of distribution priority in the event of bankruptcy of a commodities broker. Specifically, the CFTC may provide by rule that cash, securities, or other property including trading or operating accounts of the broker and commodities held in inventory by the broker are considered customer property, but only if other customer property is insufficient to satisfy the net equity claims of public customers.