Shri Thanedar (D-MI)
Customer Property Protection Act
A Democratic bill with 1 Republican cosponsor · See the cosponsor
Last activity — Referred to the House Committee on Agriculture.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the Customer Property Protection Act, proposes amendments to the Commodity Exchange Act. It specifically targets the treatment of customer property when a commodity broker enters bankruptcy. The bill aims to include certain assets, such as cash, securities, or other property of the broker's estate, in the category of customer property. This inclusion would only occur if the existing customer property is not enough to cover the net equity claims of public customers.
Yes
- Scored +6
Does this give people more protection from unfair business practices?
The bill strengthens protections for public customers by allowing broker estate assets like cash and securities to cover unsatisfied net equity claims during bankruptcy.
- Scored +3
Would middle-income households be better off under this?
The bill provides a potential safety net for retail investors to recover funds held in commodity broker accounts during bankruptcy proceedings.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Protection of Net Equity Claims: Under Section 2, the bill adds a provision that allows cash, securities, or other property of the commodity broker's estate—including trading accounts and inventory—to be included in customer property. This could benefit public customers by providing additional resources to satisfy their net equity claims if current customer property is insufficient.
Potential Negative Impacts for People
- Impact of Existing Rights: Section 2 notes that the inclusion of property as customer property is still subject to any "otherwise unavoidable security interest, or otherwise unavoidable contractual offset or netting rights of creditors." This means that certain creditors may still have rights that could affect the availability of these assets for public customers.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill strengthens protections for public customers by allowing broker estate assets like cash and securities to cover unsatisfied net equity claims during bankruptcy.
- Demographic And Interest Groups
- Would middle-income households be better off under this? — The bill provides a potential safety net for retail investors to recover funds held in commodity broker accounts during bankruptcy proceedings.
- 7/15/2026
- Referred to the House Committee on Agriculture.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Kat CammackRepublican · Florida