H.R. 9717

119 HR 9717 IH: Customer Property Protection Act
 U.S. House of Representatives
 2026-07-15
 text/xml
 EN
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 I  119th CONGRESS  2d Session  H. R. 9717  IN THE HOUSE OF REPRESENTATIVES   July 15, 2026   Mr. Thanedar  (for himself and  Mrs. Cammack ) introduced the following bill; which was referred to the  Committee on Agriculture    A BILL
To amend the Commodity Exchange Act to authorize certain treatment of customer property during commodity broker bankruptcy.
1.
Short title
This Act may be cited as the   Customer Property Protection Act  .
2.
Protecting customer property during commodity broker bankruptcy
Section 20(a) of the Commodity Exchange Act ( 7 U.S.C. 24(a) ) is amended—
(1)
by striking  and  at the end of paragraph (4);
(2)
by striking the period at the end of paragraph (5) and inserting  ; and ; and
(3)
by adding at the end the following:
(6)
that cash, securities, or other property of the estate of a commodity broker, including the trading or operating accounts of the commodity broker and commodities held in inventory by the commodity broker, shall, subject to any otherwise unavoidable security interest, or otherwise unavoidable contractual offset or netting rights of creditors (including rights set forth in a rule or bylaw of a derivatives clearing organization or a clearing agency) in respect of such property, be included in customer property, but only to the extent that the property that is otherwise customer property is insufficient to satisfy the net equity claims of public customers (as such term may be defined by the Commission by rule or regulation) of the commodity broker.
 .