S. 2601 · 113th Congress
Risk Hedging Protection Act of 2014
- Stage
- In committee
- Sponsor
- Pat Roberts
- Introduced
- 2014-07-15
- Latest action
- 2014-07-15 · Introduced in Senate
Summary
Risk Hedging Protection Act of 2014 - Amends the Commodity Exchange Act, with respect to futures commission merchants registration requirements and duties, to require that any rules or regulations requiring a futures commission merchant to maintain a residual interest in accounts held for the benefit of customers in amounts at least sufficient to exceed the sum of all their customers' uncollected margin deficits must also provide that such a merchant meets the residual interest requirement as of the end of each business day calculated as of the close of business on the previous business day.