H.R. 7266: Derivatives Market Reform Act of 1999

110th Congress · introduced 2008-10-03 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

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Follow this bill, step by step

Where it came from: introduced 2008-10-03 · official record
Who proposed it: Rep. Markey, Edward J. [D-MA-7] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Derivatives Market Reform Act of 1999

Plain summary

Derivatives Market Reform Act of 1999 - Amends the Securities Exchange Act of 1934 to set forth registration requirements for derivatives dealers and for securities association membership. Grants the Securities and Exchange Commission (SEC): (1) administrative enforcement powers; and (2) exclusive jurisdiction regarding accounts, agreements, transactions, and markets in derivatives. Redefines securities to include derivatives. Authorizes both a registered securities exchange and a national securities exchange to adopt rules governing transactions in derivatives. Directs the SEC to promulgate capital level requirements that take into account the financial activities of a derivatives dealer who is a material associated person of a broker or dealer (including aggregate leverage, customary sources of capital and funding, and credit risk). Sets forth risk assessment and recordkeeping requirements governing holding companies and other material associated persons associated with: (1) a government securities broker or dealer; and (2) a municipal securities dealer. Amends the Investment Company Act of 1940 to require unregistered hedge funds to report to the SEC certain information prepared in accordance with U.S. generally accepted accounting principles (including information for each pooled investment vehicle that is part of an unregistered hedge fund).

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Derivatives Market Reform Act of 1999

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Markey, Edward J. [D-MA-7] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Rep. Markey, Edward J. [D-MA-7] reported raising $6.0 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Jurisdiction: The area or the matters a government or court has authority over.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-110hr7266.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/110/hr>

Record fed-us-cong110-hr7266 · catalog fed-us-congress-bills-cong110 · updated 2026-11-15 by psicol fed-bills-cong110