H.R.1341 - Financial Competitive Act of 2013

To require the Financial Stability Oversight Council to conduct a study of the likely effects of the differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement. view all titles (4)

All Bill Titles

  • Official: To require the Financial Stability Oversight Council to conduct a study of the likely effects of the differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement. as introduced.
  • Short: Financial Competitive Act of 2013 as introduced.
  • Short: Financial Competitive Act of 2013 as passed house.
  • Short: Financial Competitive Act of 2013 as reported to house.

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Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
03/21/13
 
07/08/13
 
 
 
 
 

 

Latest Vote

Result: Passed - July 08, 2013

Roll call number 305 in the House

Question: On Motion to Suspend the Rules and Pass, as Amended: H R 1341 To require the Financial Stability Oversight Council to conduct a study of the likely effects of the differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement

 

Official Summary

Financial Competitive Act of 2013 - Directs the Financial Stability Oversight Council (FSOC) to study and report to Congress on the likely effects that differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requireme

Official Summary

Financial Competitive Act of 2013 - Directs the Financial Stability Oversight Council (FSOC) to study and report to Congress on the likely effects that differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement would have upon:
(1) U.S. financial institutions that conduct derivatives transactions and participate in derivatives markets,
(2) end users of derivatives, and
(3) international derivatives markets. Requires the study to recommend steps Congress and the constituent agencies of the FSOC should take to:
(1) minimize any expected negative effects on U.S. financial institutions, derivatives markets, and end users;
(2) encourage greater international consistency in implementation of internationally agreed capital, liquidity, and other prudential standards; and
(3) ensure that the FSOC fulfills its statutory mandate to identify risks and respond to emerging threats to financial stability.

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Organizations Supporting H.R.1341

  • American Bankers Association
  • U. S. Chamber Of Commerce
  • Securities Industry and Financial Markets Association

Organizations Opposing H.R.1341

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




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