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Code · BILL · 114th Congress · S. 3118 (Introduced in Senate) — To amend the Commodity Exchange Act to clarify which fees the Commodity Futures Trading Commission may assess and col... · Sec. 106

Sec. 106. Improving data quality and accessibility

103 words·~1 min read·/bill/114/s/3118/is/section-106·

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Section 4s of the Commodity Exchange Act ( 7 U.S.C. 6s ) is amended by adding at the end the following: Not later than 2 years after the date of enactment of this subsection, the Commission and the Securities and Exchange Commission shall determine whether the data that swap dealers registered under this section provide to swap data repositories— are accurate; and use consistent and standardized formats that allow that data to be aggregated and analyzed by regulators. The Commission shall revoke the license of any swap dealer that the Commission and the Securities and Exchange Commission has found violated paragraph (1). .
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Sec. 106
Improving data quality and accessibility
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