{"database": "press", "table": "releases", "rows": [["https://thanedar.house.gov/media/press-releases/congressman-shri-thanedar-congresswoman-kat-cammack-introduce-bipartisan-customer-property-protection-act", "Congressman Shri Thanedar, Congresswoman Kat Cammack Introduce Bipartisan Customer Property Protection Act", "2026-07-17", "2026", "2026-07", "Democrat", "House", "MI", "Shri Thanedar", "T000488", "thanedar.house.gov", "thanedar", "https://thanedar.house.gov/media/press-releases", "scraper", "Washington, D.C. \u2013 This week, Congressman Shri Thanedar (D-MI-13) and Congresswoman Kat Cammack (R-FL-03) introduced HR 9717, the Customer Property Protection Act, bipartisan legislation that creates regulations to ensure customer assets that are held by a commodity broker are protected in the scenario that the commodity broker goes bankrupt.\n\n\u201cAs a lifelong serial entrepreneur, I know first-hand the innovative power of new financial technologies, and am encouraged by the rapid innovation currently taking place in the commodity sector,\u201d said Congressman Thanedar. \u201cBut with the Commodity Futures Trading Commission (CFTC) last reauthorized in 2008, current CFTC regulations are out of date for today\u2019s commodity markets, undermining present consumer confidence in these vital markets.\n\nOur Customer Property Protection Act provides needed protections for consumers who use commodity brokers to invest in America\u2019s rapidly growing commodity markets by ensuring that cash, securities, or other broker property will go to consumers in the event of a commodity broker\u2019s bankruptcy if current customer property isn\u2019t enough to make consumers whole. I am grateful for Representative Cammack\u2019s bipartisan leadership with me on these common-sense consumer protections.\u201d\n\n\u201cAmericans deserve to be confident that their funds with commodity brokers are handled safely and responsibly. This legislation will help ensure that market participants are not forced to bear the consequences of misconduct or mismanagement,\u201d said Congresswoman Kat Cammack. \u201cThe Customer Property Protection Act clarifies the treatment of customer funds by prioritizing them ahead of general creditors in the event of a commodity broker bankruptcy. I\u2019m proud to join my colleague, Rep. Thanedar, in co-leading this commonsense customer protection for America\u2019s futures markets.\u201d\n\nThe full text of the legislation can be viewed here.\n\nCongressman Shri Thanedar proudly represents Michigan's 13th Congressional District, which includes Detroit, Downriver, and the Grosse Pointes. As a champion for working families, Shri is committed to advancing economic opportunities, education, healthcare access, and entrepreneurship for underserved communities. Drawing from his journey from poverty to success, he works tirelessly to uplift Metro Detroit, ensuring every resident has the resources and support they need to thrive.\n\n###", 1, "2026-07-18T06:58:50Z", "2026-07-18T07:00:34Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://thanedar.house.gov/media/press-releases/congressman-shri-thanedar-congresswoman-kat-cammack-introduce-bipartisan-customer-property-protection-act"], "units": {}, "query_ms": 2.075777854770422, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}