H.R.677 - Inter-Affiliate Swap Clarification Act

To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act. view all titles (2)

All Bill Titles

  • Official: To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act. as introduced.
  • Short: Inter-Affiliate Swap Clarification Act as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 1
  • All-Time: 503
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
02/12/13
 
 
 
 
 
 
 

Official Summary

Inter-Affiliate Swap Clarification Act - Amends the Commodity Exchange Act and the Securities Exchange Act of 1934, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to exempt from certain regulatory requirements any swaps and security-based swaps entered into by

Official Summary

Inter-Affiliate Swap Clarification Act - Amends the Commodity Exchange Act and the Securities Exchange Act of 1934, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to exempt from certain regulatory requirements any swaps and security-based swaps entered into by parties neither of which is a swap dealer or a major swap participant:
(1) that is also an insured depository institution,
(2) that reports information or prepares financial statements on a consolidated basis, or
(3) for which a company affiliated with both parties reports information or prepares financial statements on a consolidated basis. Requires that such exempted agreements, contracts, or transactions be reported to an appropriate data repository, or, if there is no such repository that would accept them, to:
(1) the Commodity Futures Trading Commission (CFTC) in the case of exempted swaps, or
(2) the Securities and Exchange Commission (SEC) in the case of exempted security-based swaps.

...Read the Rest

Organizations Supporting H.R.677

  • National Association of Manufacturers
  • Agricultural Retailers Association
  • Real Estate Roundtable
  • National Association of Corporate Treasurers
  • National Association of Real Estate Investment Trusts
  • U. S. Chamber Of Commerce
  • ...and 63 more. See all.

Organizations Opposing H.R.677

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




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC