H.R. 8836 · 117th Congress
Expanding Possibilities and Opportunities to Reinvigorate Trade Act of 2022
- Stage
- In committee
- Sponsor
- Burgess Owens
- Introduced
- 2022-09-15
- Latest action
- 2022-11-29 · Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Summary
Expanding Possibilities and Opportunities to Reinvigorate Trade Act of 2022 or the EXPORT Act of 2022
This bill exempts certain money transmitters from specified capital and margin requirements that otherwise apply to counterparty swaps. Specifically, these money transmitters must (1) only enter into swaps for the purpose of offsetting risks from foreign currency contracts with a non-end user, and (2) have annual assets of $1 billion or less.