15 USC § 8304 - Authority to prohibit participation in swap activities
---
identifier: "/us/usc/t15/s8304"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 8304 - Authority to prohibit participation in swap activities"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "8304"
section_name: "Authority to prohibit participation in swap activities"
chapter_number: 109
chapter_name: "WALL STREET TRANSPARENCY AND ACCOUNTABILITY"
subchapter_number: "I"
subchapter_name: "REGULATION OF OVER-THE-COUNTER SWAPS MARKETS"
part_number: "A"
part_name: "Regulatory Authority"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 111–203, title VII, § 715, July 21, 2010, 124 Stat. 1647.)"
---
# § 8304. Authority to prohibit participation in swap activities
section 6 of title 7
Except as provided in , if the Commodity Futures Trading Commission or the Securities and Exchange Commission determines that the regulation of swaps or security-based swaps markets in a foreign country undermines the stability of the United States financial system, either Commission, in consultation with the Secretary of the Treasury, may prohibit an entity domiciled in the foreign country from participating in the United States in any swap or security-based swap activities.
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**Source Credit**: (Pub. L. 111–203, title VII, § 715, July 21, 2010, 124 Stat. 1647.)