Compiled May, 2012
Our review of the annotated history for Title 11, United States Code section 559 reveals the following legislative history. Each public law (hereinafter referred to as Pub.L.) represents a separate congressional enactment or bill.
Added: Pub. L. 98-535, title III, § 396(a), July 10, 1984, 98 Stat. 366
Amended:
• Pub.L. 103-394, title V, § 501(d)(21), Oct. 22, 1994, 108 Stat. 4146: struck out “(15 U.S.C. 78aaa et seq.)” after “Act of 1970”.
• Pub.L. 109-8, title IX, § 907(i), (o)(9), April 20, 2005, 119 Stat. 178, 182: § 907(o)(9), inserted “or financial participant” after “repo participant” in two places; § 907(i), substituted “Contractual right to liquidate, terminate, or accelerate a repurchase agreement” for “Contractual right to liquidate a repurchase agreement” in section catchline, “liquidation, termination, or acceleration” for “liquidation” in first sentence, and “As used in this section, the term ‘contractual right’ includes a right set forth in a rule or bylaw of a derivatives clearing organization (as defined in the Commodity Exchange Act), a multilateral clearing organization (as defined in the Federal Deposit Insurance Corporation Improvement Act of 1991), a national securities exchange, a national securities association, a securities clearing agency, a contract market designated under the Commodity Exchange Act, a derivatives transaction execution facility registered under the Commodity Exchange Act, or a board of trade (as defined in the Commodity Exchange Act) or in a resolution of the governing board thereof and a right,” for “As used in this section, the term ‘contractual right’ includes a right set forth in a rule or bylaw, applicable to each party to the repurchase agreement, of a national securities exchange, a national securities association, or a securities clearing agency, and a right,” in third sentence.
Three public laws affected your section of interest.
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