Traders can claim more broker assets if broker fails.
H.R. 9717 — Customer Property Protection Act · Filed by Shri Thanedar (D-MI) · 1 cosponsor · Introduced Jul 15, 2026 · Referred to committee
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What it does
This bill changes rules for when a broker goes broke. Traders can now use more of the broker's own money and assets to get paid back. The broker's cash, securities, and raw materials can be used. This happens if the money set aside for traders runs out. Traders get paid before other people who lent money to the broker.
Who it affects
Traders and farmers who buy and sell raw materials get stronger rights. They can recover more money if their broker fails. People who lent money to the broker may get paid later.
One thing to notice
The bill lets a government agency write new rules. The agency will decide which traders count as public traders and get this help.
From the analysis of the bill text, linked under Primary records below.
Where it stands
1 cosponsor: 1 Republicans.
- Jul 15, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jul 15, 2026 — Referred to House Committee on Agriculture · Congress.gov: “Referred to the House Committee on Agriculture”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- broker — A company that buys and sells raw materials for traders.
- public traders — People or farms that trade raw materials through a broker.
- securities — Stocks, bonds, and other things of value that can be bought and sold.
- raw materials — Things like grain, oil, or metals that are bought and sold.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,129 characters) on Jul 19, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-23.
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