Customer Property Protection Act
To amend the Commodity Exchange Act to authorize certain treatment of customer property during commodity broker bankruptcy.
HB9717 aims to change the Commodity Exchange Act, specifically to allow certain actions regarding customer property when a commodity broker goes bankrupt. This means the bill seeks to provide clearer guidelines on what happens to customers' assets in such situations, ensuring better protection and potentially smoother resolution processes.
The bill would affect customers of commodity brokers and the brokers themselves, especially in the event of bankruptcy. By clarifying the handling of customer property, the bill could offer more stability and trust in the commodity trading market, protecting customers from potential losses.
As of July 15, 2026, HB9717 has just been introduced and referred to the House Committee on Agriculture. This means it is in the early stages of the legislative process, and it will need to go through committee review, potential amendments, and several votes before it could become law. The sponsors, Kat Cammack and Shri Thanedar, are working together to advance this legislation.
