60 Minuates Credit Default Swap

October 26, 2008

Steve Kroft examines credit default swaps.

H.R.5660
Title: To reauthorize and amend the Commodity Exchange Act to promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives, and for other purposes.

Sponsor: Rep Ewing, Thomas W. [IL-15] (introduced 12/14/2000)

Cosponsors (4) Related Bills: H.R.4577, S.3283
Latest Major Action: 12/14/2000 House committee/subcommittee actions. Status: Referred to the Subcommittee on Finance & Hazardous Materials for a period to be subsequently determined by the Chairman..
Note: H.R. 5660 was incorporated by reference in the conference report to H.R. 4577. H.R. 4577, the Consolidated Appropriations Act 2001, became Public Law 106-554 on 12/21/2000.

Not voted on by Senate, just passed by voice vote. Sign into law by Former Preisdent Bill Clinton