Title 15 — Commerce and Trade
Part A · Chapter 109 — Wall Street Transparency and Accountability
§ 8304. Authority to prohibit participation in swap activities
Statutory text
Except as provided in section 6 of title 7, if the Commodity Futures Trading Commission or the Securities and Exchange Commission determines that the regulation of swaps or security-based swaps markets in a foreign country undermines the stability of the United States financial system, either Commission, in consultation with the Secretary of the Treasury, may prohibit an entity domiciled in the foreign country from participating in the United States in any swap or security-based swap activities.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Wall Street Transparency and Accountability Act of 2010
Pub. L. 111–203 title VII § 715 · 124 Stat. 1376
Enacted · 15 U.S.C. § 8304
(Pub. L. 111–203, title VII, § 715, July 21, 2010, 124 Stat. 1647.)
Source evidence
Code source credit
(Pub. L. 111–203, title VII, § 715, July 21, 2010, 124 Stat. 1647.)Enacted provision · exact public law section
SEC. 715. AUTHORITY TO PROHIBIT PARTICIPATION IN SWAP ACTIVITIES. Except as provided in section 4 of the Commodity Exchange Act (7 U.S.C. 6), if the Commodity Futures Trading Commission or the Securities and Exchange Commission determines that the regulation of swaps or security-based swaps markets in a foreign country undermines the stability of the United States financial system, either Commission, in consultation with the Secretary of the Treasury, may prohibit an entity domiciled in the foreign country from participating in the United States in any swap or security-based swap activities.
1 of 1 references resolved to an enrolled provision