U.S. Congress - H.R.2682 Business Risk Mitigation and Price Stabilization Act of 2012
H.R.2682 - Business Risk Mitigation and Price Stabilization Act of 2012
To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes. view all titles (5)
All Bill Titles
- Short: Business Risk Mitigation and Price Stabilization Act of 2012 as passed house.
- Official: To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes. as introduced.
- Short: Business Risk Mitigation and Price Stabilization Act of 2011 as introduced.
- Short: Business Risk Mitigation and Price Stabilization Act of 2011 as reported to house.
- Short: Business Risk Mitigation and Price Stabilization Act of 2011 as passed house.
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Bill's Views
- Today: 3
- Past Seven Days: 17
- All-Time: 1,888
Latest Vote
Result: Passed - March 26, 2012
Roll call number 128 in the House
Question: On Motion to Suspend the Rules and Pass, as Amended: H R 2682 Business Risk Mitigation and Price Stabilization Act
Required percentage of 'Aye' votes: 2/3 (66%)
Percentage of 'aye' votes:
85%
Official Summary
3/26/2012--Passed House amended. Business Risk Mitigation and Price Stabilization Act of 2012 - (Sec. 2) Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requOfficial Summary
3/26/2012--Passed House amended. Business Risk Mitigation and Price Stabilization Act of 2012 -(Sec. 2)
Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties:(1) is eligible for an exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC); or
(2) satisfies specified criteria governing treatment of affiliates in connection with clearing requirements. Amends the Securities Exchange Act of 1934, regarding registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization a security-based swap in which one of the counterparties:
(1) qualifies for a specified exception from clearing requirements, or
(2) satisfies certain criteria governing the treatment of affiliates.
(Sec. 3)
Requires that the amendments to CEA made by this Act be implemented:(1) without regard to federal information policy requirements or the notice and comment requirements of federal administrative procedure; and
(2) through promulgation of an interim final rule, pursuant to which public comment will be sought before a final rule is issued. Limits the disregard of such federal information policy and notice and comment requirements solely to changes to rules and regulations, or proposed rule and regulations, that are limited to, and directly a consequence of, the amendments to CEA made by this Act.
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Organizations Supporting H.R.2682
- Agricultural Retailers Association
- American Gas Association
- American Petroleum Institute
- American Public Power Association
- Business Roundtable
- Commodity Markets Council
- ...and 14 more. See all.
Organizations Opposing H.R.2682
- Americans for Financial Reform
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