H.R. 3283, Swap Jurisdiction Certainty Act

Cost Estimate

As ordered reported by the House Committee on Financial Services on March 27, 2012

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203) requires that participants in swap transactions meet certain clearing, reporting, and margin requirements as well as certain standards of business conduct. (A swap is a contract that calls for an exchange of cash between two participants based on an underlying rate or index, or the performance of an asset.)