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H.R. 238: Commodity End-User Relief Act

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H.R. 238: Commodity End-User Relief Act

115th Congress · introduced 2017-01-04 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-01-04 · official record
  2. Who proposed it: Rep. Conaway, K. Michael [R-TX-11] · what a sponsor is
  3. What happened next: 3 recorded votes in our records. Latest: House roll call 52 (2017): On Agreeing to the Amendment, HR238 (2017-01-12), Agreed to. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Not final yet: this can still change. We check for updates every day.
  5. 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

Commodity End-User Relief Act

Plain summary

Commodity End User Relief Act This bill reauthorizes through FY2021, and otherwise revises provisions related to, operations of the Commodity Futures Trading Commission (CFTC). The CFTC is authorized to require that certain property of the bankruptcy estate of a commodity broker who is a debtor in Chapter 7 bankruptcy (also known as "liquidation" bankruptcy) be included in customer property to the extent that such property is insufficient to satisfy the net equity claims of the broker's public customers. Before promulgating a regulation or issuing an order, the CFTC must publish an assessment of the costs and benefits of the action. The heads of the CFTC's administrative units shall serve at the pleasure of the CFTC. The bill establishes, within the CFTC, the Office of the Chief Economist. The bill eliminates the CFTC's authority to lease space. The bill modifies provisions related to the CFTC's Customer Protection Fund. The duration of an omnibus order of investigation (authorizing the CFTC to issue subpoenas to multiple persons in relation to a particular subject matter area) shall not be indefinite. The bill exempts specified entities from certain clearing requirements applicable to swaps. With respect to swap dealer registration requirements, the bill: (1) prohibits the CFTC from modifying, except by affirmative rule or regulation, the threshold for de minimus (minor in quantity) swap dealing; (2) under certain circumstances, allows the use of specified financial models with respect to calculating capital requirements; and (3) modifies other provisions. The bill exempts certain swap activities involving non-U.S. persons from U.S. swaps requirements. In addition, the bill amends the Commodity Exchange Act to direct registered futures associations to require their futures commission merchant members to meet certain procedural and reporting requirements.

Congressional Research Service summary (Passed House amended), 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

Commodity End-User Relief Act

Source: Congressional Research Service summary (Passed House amended)

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The strongest published arguments

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Alternatives

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

Officials and money

Sponsor: Rep. Conaway, K. Michael [R-TX-11] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Austin Scott (R-GA), Pete Sessions (R-TX)

Recorded votes

Words on this page, explained (3)
Authorization
A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
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.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr238 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115