Section 1 Short title
This Act may be cited as the “Financial Watchdog Support Act”.
Financial Watchdog Support Act
A BILL
To amend the Commodity Exchange Act to eliminate the double-sided confirmation requirement for swap data repositories.
Sec. 2 Elimination of the double-sided confirmation requirement for swap data repositories
In general— Section 21(c) of the Commodity Exchange Act (7 U.S.C. 24a(c)) is amended by striking paragraph (2) and redesignating paragraphs (3) through (8) as paragraphs (2) through (7), respectively.
Conforming amendment— Section 21(d) of such Act (7 U.S.C. 24a(d)) is amended by striking “(c)(7)” and inserting “(c)(6)”.