Page:United States Statutes at Large Volume 122.djvu/2220

 12 2 STA T . 21 97PUBLIC LA W 11 0– 2 46—J U NE 1 8, 2008 (h)Section9 o fsu ch A ct( 7U. S. C . 13 )is am en d ed — (1) in su b section (f)(1) , b y st r i k in g the p eriod and inserting ‘ ‘ or ’ ’; and ( 2 ) by redesignating subsection (f) as subsection (e). (i) Section 22(a)(2) of such Act (7 U.S.C. 2 5 (a)(2)) is amended by striking ‘‘5b(b)(1)( E )’’ and inserting ‘‘5b(c)(2)( H )’’. ( j ) Section 1a(33)(A) of such Act (7 U.S.C. 1a(33)(A)) is amended by striking ‘‘transactions’’ and a l l that follo w s and inserting ‘‘trans - actions— ‘‘(i) by accepting bids or offers made by other participants that are open to multiple partipants in the facility or system; or ‘‘(ii) through the interaction of multiple bids or multiple offers within a system with a pre-determined non-discretionary automated trade matching and e x ecution algorithm.’’. (k) Section 1 4 (d) of such Act (7 U.S.C. 1 8 (d)) is amended— (1) by inserting ‘‘(1)’’ before ‘‘ I f’’; and (2) by adding after and below the end the following

‘‘(2) A reparation award shall be directly enforceable in district court as if it were a judgment pursuant to section 19 6 3 of title 28, United States Code. T his paragraph shall operate retroacti v ely from the effective date of its enactment, and shall apply to all reparation awards for which a proceeding described in paragraph (1) is commenced within 3 years of the date of the Commission’s order.’’. SEC.13 1 06 . PORTF O LI O MA R G I N ING AN D SEC U RIT Y INDE X ISSUES. (a) The Secretary of the Treasury, the Chairman of the B oard of G overnors of the F ederal R eserve System, the Chairman of the Securities and Exchange Commission, and the Chairman of the Commodity Futures Trading Commission shall work to ensure that the Securities and Exchange Commission (SEC), the Com- modity Futures Trading Commission (CFTC), or both, as appro- priate, have taken the actions re q uired under subsection (b). (b) The SEC, the CFTC, or both, as appropriate, shall take action under their existing authorities to permit— (1) by September 3 0, 2009, risk-based portfolio margining for security options and security futures products (as defined in section 1a(32) of the Commodity Exchange Act); and (2) by J une 30, 2009, the trading of futures on certain security indexes by resolving issues related to foreign security indexes. Subti t leB— Si gn i f i ca nt Pr ice D i s c ov er yC ontracts on Ex e mp t Commercial M ar k ets SEC. 13 2 01. SIGNIFICANT PRICE DISCO V ERY CONTRACTS. (a) DEFIN I T I O N S .—Section la of the Commodity Exchange Act (7 U.S.C. la) is amended— (1) by redesignating paragraph (33) as paragraph (34); and (2) by inserting after paragraph (32) the following: ‘‘(33) SI G NIFI CA NT PR ICE D ISCO V ER Y CONTRACT.—The term ‘significant price discovery contract’ means an agreement, con- tract, or transaction subject to section 2(h)(7).’’. Deadlin e s.7USC2 n ot e. Ap pli c a b ilit y . Deadline. R epa r ations.

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