S.3283
Title: A bill to reauthorize and amend the Commodity Exchange Act to promote legal certainty, enhance competition, and reduce systematic risk in markets for futures and over-the-counter derivatives, and for other purposes.
Sponsor: Sen Lugar, Richard G. [IN] (introduced 12/15/2000)      Cosponsors (5)
Related Bills: H.R.5660
Latest Major Action: 12/15/2000 Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

COSPONSORS(5), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

S.3283
Title: A bill to reauthorize and amend the Commodity Exchange Act to promote legal certainty, enhance competition, and reduce systematic risk in markets for futures and over-the-counter derivatives, and for other purposes.
Sponsor: Sen Lugar, Richard G. [IN] (introduced 12/15/2000)      Cosponsors (5)
Related Bills: H.R.5660
Latest Major Action: 12/15/2000 Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

SUMMARY AS OF:
12/15/2000--Introduced.

TABLE OF CONTENTS:

• Title I: Commodity Futures Modernization
• Title II: Coordinated Regulation of Security Futures Products
• Subtitle A: Securities Law Amendments
• Subtitle B: Amendments To the Commodity Exchange Act
• Title III: Legal Certainty for Swap Agreements
• Title IV: Regulatory Responsibility for Bank Products

Commodity Futures Modernization Act of 2000 - Title I: Commodity Futures Modernization - Amends the Commodity Exchange Act to authorize appropriations for authorities and activities under such Act.

Revises specified provisions, including: (1) over-the-counter derivatives; (2) futures exchange regulation; (3) contracts; (4) prohibited transactions; and (5) boards of trade.

Title II: Coordinated Regulation of Security Futures Products - Subtitle A: Securities Law Amendments - Amends the Securities Exchange Act of 1934 respecting: (1) regulatory relief for markets and intermediaries trading security futures products; and (2) interagency cooperation.

Subtitle B: Amendments to the Commodity Exchange Act - Amends the Commodity Exchange Act respecting Securities and Exchange Commission jurisdiction.

Title III: Legal Certainty for Swap Agreements - Amends the Gramm-Leach-Bliley Act, the Securities Act of 1933, and the Securities Exchange Act of 1934 respecting swap agreements.

Title IV: Regulatory Responsibility for Bank Products - Legal Certainty for Bank Products Act of 2000 - Excludes specified banking products and swap agreements from Commodity Futures Exchange Commission coverage.