H.R. 4717: Swap Trading Improvement Act

116th Congress · introduced 2019-10-17 · Finance and Financial Sector · Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

federal

Follow this bill, step by step

Where it came from: introduced 2019-10-17 · official record
Who proposed it: Rep. Crawford, Eric A. "Rick" [R-AR-1] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. 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

Swap Trading Improvement Act

Plain summary

Swap Trading Improvement Act This bill revises provisions regarding swap execution facilities (i.e., trading platforms for speculators exchanging the benefit or liability of two financial instruments). The bill eliminates the requirement that swap execution facilities must adopt position limitations or position accountability for speculators. The bill allows a swap execution facility to delegate certain core functions to a third party. Currently, these functions may only be delegated to other registered entities. Additionally, the bill revises the required adequate financial resources of a swap execution facility. Currently, a facility must be able to cover the operating costs of a one year period. The bill requires the facility to cover the greater amount of the operating costs of a 90 day period, or to enable an orderly wind down of its operations.

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

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What does this mean? (plain words)

Official text

Swap Trading Improvement Act

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. Crawford, Eric A. "Rick" [R-AR-1] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Austin Scott (R-GA)

Sponsor's campaign money: Rep. Crawford, Eric A. "Rick" [R-AR-1] reported raising $1.1 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 (1)

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).

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-116hr4717.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>

Record fed-us-cong116-hr4717 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116