Sec. 355. Commission vote required before automatic change of swap dealer de minimis level

81 words·~1 min read·/bill/113/hr/4413/eh/section-355

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Section 1a(49)(D) of the Commodity Exchange Act ( 7 U.S.C. 1a(49)(D) ) is amended— by striking all that precedes shall exempt and inserting the following: The Commission ; and by adding after and below the end the following new clause: The de minimis quantity of swap dealing as described in clause

(i)that is currently set at a quantity of $8,000,000,000 shall only be amended or reduced through a new affirmative action of the Commission undertaken by rule or regulation. .

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U.S. Code

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§ 1a

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Sec. 355

Commission vote required before automatic change of swap dealer de minimis level

U.S.C.§ 1a

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