Commodity End-User Relief Act

Sponsor: K. Conaway (R-TX)

Commodity End User Relief Act TITLE I--CUSTOMER PROTECTIONS (Sec. 101) Amends the Commodity Exchange Act (CEA) to direct registered futures associations (RFAs) to require their futures commission merchant (FCM) members to: maintain written policies and procedures governing maintenance of members’ specified residual interests in customer segregated funds accounts, including cleared swaps customer collateral accounts; establish rules governing the withdrawal, transfer, or disbursement of a member's residual interest in customer segregated funds, in foreign futures and foreign options customer secured amount funds, and from a cleared swaps customer collateral; use an electronic system or systems to report financial and operational information to the RFA or another RFA-designated party; and instruct each depository, including any bank, trust company, derivatives clearing organization, or futures commission merchant holding customer segregated funds, foreign futures and foreign options customer secured amount funds, or cleared swap customer funds to report balances in such funds to the RFA or or another RFA-designated party. (Sec.

Finance and Financial Sector Topic assigned by the Congressional Research Service.