H.R.634 - Business Risk Mitigation and Price Stabilization Act of 2013

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 2013 as reported to 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 2013 as introduced.
  • Short: . Business Risk Mitigation and Price Stabilization Act of 2013 as passed house.
  • Short: Business Risk Mitigation and Price Stabilization Act of 2013 as passed house.

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Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
02/13/13
 
06/12/13
 
 
 
 
 

 

Latest Vote

Result: Passed - June 12, 2013

Roll call number 215 in the House

Question: On Motion to Suspend the Rules and Pass, as Amended: H R 634 To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes

 

Official Summary

Business Risk Mitigation and Price Stabilization Act of 2013 - 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 registe

Official Summary

Business Risk Mitigation and Price Stabilization Act of 2013 - 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 because it is not a financial entity, uses swaps to hedge or mitigate commercial risk, and notifies the Commodity Futures Trading Commission (CFTC) how it meets financial obligations associated with entering into non-cleared swaps;
(2) is eligible for a public interest exemption from swap clearing requirements for certain cooperative entities; or
(3) 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. 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.634

  • Eli Lilly and Company
  • American Bankers Association
  • National Association of Manufacturers
  • Real Estate Roundtable
  • National Association of Corporate Treasurers
  • National Association of Real Estate Investment Trusts
  • ...and 64 more. See all.

Organizations Opposing H.R.634

  • AFL-CIO
  • Public Citizen
  • Americans for Financial Reform
  • Consumer Federation of America




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