Customer Property Protection Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9717 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9717

 To amend the Commodity Exchange Act to authorize certain treatment of 
         customer property during commodity broker bankruptcy.

_______________________________________________________________________

                    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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Customer Property Protection Act''.

SEC. 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.''.
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