Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203)
JUL. 21, 2010
Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203)
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H.R. 4173, Enrolled Bill
H.R. 4173
One Hundred Eleventh Congress
of the
United States of America
AT THE SECOND SESSION
Begun and held at the City of Washington on Tuesday, the fifth day of January, two thousand and ten
An Act
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) SHORT TITLE.--This Act may be cited as the "Dodd-Frank Wall Street Reform and Consumer Protection Act".
(b) TABLE OF CONTENTS.--The table of contents for this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 1601. Certain swaps, etc., not treated as section 1256 contracts.
SEC. 1601. CERTAIN SWAPS, ETC., NOT TREATED AS SECTION 1256 CONTRACTS.
(a) IN GENERAL.--Subsection (b) of section 1256 of the Internal Revenue Code of 1986 is amended--
(1) by redesignating paragraphs (1) through (5) as subparagraphs (A) through (E), respectively, and by indenting such subparagraphs (as so redesignated) accordingly,
(2) by striking "For purposes of" and inserting the following:
"(1) IN GENERAL.--For purposes of", and
(3) by striking the last sentence and inserting the following new paragraph:
"(2) EXCEPTIONS.--The term 'section 1256 contract' shall not include--
"(A) any securities futures contract or option on such a contract unless such contract or option is a dealer securities futures contract, or
"(B) any interest rate swap, currency swap, basis swap, interest rate cap, interest rate floor, commodity swap, equity swap, equity index swap, credit default swap, or similar agreement.".
Speaker of the House of Representatives.
Vice President of the United States and President of the Senate.
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