Customer Property Protection Act amends the Commodity Exchange Act to safeguard customer property during a commodity broker's bankruptcy.

The Customer Property Protection Act amends the Commodity Exchange Act to ensure that customer property, such as cash, securities, or commodities held by a commodity broker, is protected during the broker's bankruptcy. This protection applies to the extent that customer property is insufficient to satisfy the claims of public customers. The Act specifies that this protection is subject to unavoidable security interests or contractual rights of creditors.

Customer Property Protection Act amends the Commodity Exchange Act to safeguard customer property during a commodity broker's bankruptcy.

The Customer Property Protection Act amends the Commodity Exchange Act to ensure that customer property, such as cash, securities, or commodities held by a commodity broker, is protected during the broker's bankruptcy. This protection applies to the extent that customer property is insufficient to satisfy the claims of public customers. The Act specifies that this protection is subject to unavoidable security interests or contractual rights of creditors.