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republic-os/legal/us/code/title-15/chapter-109/section-8304.md
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now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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---
type: "LegalText"
title: "15 U.S.C. § 8304"
description: "Authority to prohibit participation in swap activities"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 15
title_name: "COMMERCE AND TRADE"
chapter_number: "109"
chapter_name: "WALL STREET TRANSPARENCY AND ACCOUNTABILITY"
section: "8304"
citation: "15 U.S.C. § 8304"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip"
source_identifier: "/us/usc/t15/s8304"
source_file: "data/legal/raw/us/code/title-15/usc15.xml"
source_hash: "e4610d11b46ffc494a2b06e451596ef7e30dd6b85daf20faaa18bdf616474b25"
raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
text_hash: "35f4d374b7bb8e8372e47d7c1215c0aa7e2153d5a8c4ddfcac1aea89ae33558d"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---
# 15 U.S.C. § 8304 - Authority to prohibit participation in swap activities
## Text
Except as provided in section 6 of title 7, 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.
(Pub. L. 111203, title VII, § 715, July 21, 2010, 124 Stat. 1647.)