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HR 2682 112th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Commodities markets Commodity Futures Trading Commission Corporate finance and management Financial services and investments Securities

Business Risk Mitigation and Price Stabilization Act of 2012

Introduced: July 28, 2011 See on congress.gov
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 Everywhere this bill has been 24 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 28, 2012
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 342.
Mar 27, 2012
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Mar 26, 2012
Motion to reconsider laid on the table Agreed to without objection.
Mar 26, 2012
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 370 - 24 (Roll no. 128). (text: CR H1551)
Mar 26, 2012
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 370 - 24 (Roll no. 128).(text: CR H1551)
Mar 26, 2012
Considered as unfinished business. (consideration: CR H1557-1558)
Mar 26, 2012
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Mar 26, 2012
DEBATE - The House proceeded with forty minutes of debate on H.R. 2682.
Mar 26, 2012
Considered under suspension of the rules. (consideration: CR H1551-1553)
Mar 26, 2012
Mr. Garrett moved to suspend the rules and pass the bill, as amended.
Feb 8, 2012
Placed on the Union Calendar, Calendar No. 267.
Feb 8, 2012
Reported (Amended) by the Committee on Agriculture. H. Rept. 112-343, Part II.
Feb 1, 2012
House Committee on Agriculture Granted an extension for further consideration ending not later than Feb. 8, 2012.
Jan 25, 2012
Ordered to be Reported (Amended) by Voice Vote.
Jan 25, 2012
Committee Consideration and Mark-up Session Held.
Jan 25, 2012
Subcommittee on General Farm Commodities and Risk Management Discharged.
Dec 23, 2011
House Committee on Agriculture Granted an extension for further consideration ending not later than Feb. 1, 2012.
Dec 23, 2011
Reported by the Committee on Financial Services. H. Rept. 112-343, Part I.
Nov 30, 2011
Ordered to be Reported by Voice Vote.
Nov 30, 2011
Committee Consideration and Mark-up Session Held.
Aug 22, 2011
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Aug 10, 2011
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Jul 28, 2011
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 28, 2011
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Mar 26, 2012 House · vote #128 On Motion to Suspend the Rules and Pass, as Amended Passed 370–24 See who voted →
 Plain-English summary Congressional Research Service

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.

What's happening now March 28, 2012

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 342.

 Committees of jurisdiction 4
 Cosponsors 3
All 3 Democratic 2 Republican 1