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H. Rept. 114-202 1 (2015-07-14)

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                     114TH CONGRESS 1                                    1 REPT. 114-202
                        1st Session     HOUSE OF REPRESENTATIVES               Part 1







                           SWAP DATA REPOSITORY AND CLEARINGHOUSE
                             INDEMNIFICATION        CORRECTION ACT OF 2015



                      JULY 14, 2015.-Committed to the Committee of the Whole House on the State of
                                         the Union and ordered to be printed



                         Mr. HENSARLING, from the Committee on Financial Services,
                                           submitted the following


                                               REPORT

                                             [To accompany H.R. 1847]

                               [Including cost estimate of the Congressional Budget Office]

                       The Committee on Financial Services, to whom was referred the
                     bill (H.R. 1847) to amend the Securities Exchange Act of 1934 and
                     the Commodity Exchange Act to repeal the indemnification require-
                     ments for regulatory authorities to obtain access to swap data re-
                     quired to be provided by swaps entities under such Acts, having
                     considered the same, report favorably thereon with an amendment
                     and recommend that the bill as amended do pass.
                       The amendment is as follows:
                       Strike all after the enacting clause and insert the following:

                     SECTION 1. SHORT TITLE.
                       This Act may be cited as the Swap Data Repository and Clearinghouse Indem-
                     nification Correction Act of 2015.
                     SEC. 2. REPEAL OF INDEMNIFICATION REQUIREMENTS.
                       (a) DERIVATIVES CLEARING ORGANIZATIONS.-Section 5b(k)(5) of the Commodity
                     Exchange Act (7 U.S.C. 7a-1(k)(5)) is amended to read as follows:
                          (5) CONFIDENTIALITY AGREEMENT.-Before the Commission may share infor-
                        mation with any entity described in paragraph (4), the Commission shall receive
                        a written agreement from each entity stating that the entity shall abide by the
                        confidentiality requirements described in section 8 relating to the information
                        on swap transactions that is provided..
                        (b) SwAP DATA REPOSITORIES.-Section 21(d) of the Commodity Exchange Act (7
                     U.S.C. 24a(d)) is amended to read as follows:
                       (d) CONFIDENTIALITY AGREEMENT.-Before the swap data repository may share
                     information with any entity described in subsection (c)(7), the swap data repository
                     shall receive a written agreement from each entity stating that the entity shall
                     abide by the confidentiality requirements described in section 8 relating to the infor-
                     mation on swap transactions that is provided..
                        49-006

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