HR 8914
Risk Management for Derivatives Clearing Organizations Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Risk Management for Derivatives Clearing Organizations Act, modifies the Dodd-Frank Act to allow more clearinghouses – specifically those not currently designated – to access accounts and services at the Federal Reserve Bank. It expands the types of clearinghouses eligible for these accounts, including those registered with the Commodity Futures Trading Commission and the Securities and Exchange Commission, provided they receive approval. The bill also aims to apply certain risk management standards to these non-designated clearinghouses that utilize Federal Reserve services. Ultimately, the goal is to improve the stability and resilience of the derivatives market.
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