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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