H.R. 1256 113th Congress House

Swap Jurisdiction Certainty Act

Official title: To direct the Securities and Exchange Commission and the Commodity Futures Trading Commission to jointly adopt rules setting forth the application to cross-border swaps transactions of certain provisions relating to swaps that were enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Introduced: March 19, 2013 See on congress.gov

Finance and Financial Sector Administrative law and regulatory proceduresCommodities marketsCommodity Futures Trading CommissionSecuritiesSecurities and Exchange Commission (SEC)

Everywhere this bill has been 22 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 13, 2013

Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Jun 12, 2013

Motion to reconsider laid on the table Agreed to without objection.

Jun 12, 2013

On passage Passed by recorded vote: 301 - 124 (Roll no. 218). (text: CR H3318)

Jun 12, 2013

On motion to recommit with instructions Failed by the Yeas and Nays: 194 - 230 (Roll no. 217). (consideration: CR H3332)

Jun 12, 2013

DEBATE - The House proceeded with 10 minutes of debate on the Sean Maloney motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to rule that foreign entities are not broadly equivalent to U.S. swaps requirements if they: (1) engage in cyber attacks against the U.S. (including U.S. persons and businesses), do not have or enforce laws to deter cyber attacks, or have ever been the subject of a civil or criminal proceeding for cyber attacks; or (2) are in violation of, do not enforce comparable restrictions to, or have ever been the subject of a civil or criminal proceeding for violating Iran Sanctions.

Jun 12, 2013

Mr. Maloney, Sean moved to recommit with instructions to Financial Services. (consideration: CR H3330-3332; text: CR H3330-3331)

Jun 12, 2013

The previous question was ordered pursuant to the rule. (consideration: CR H3330)

Jun 12, 2013

DEBATE - The House proceeded with one hour of debate on H.R. 1256.

Jun 12, 2013

Resolution provides for one hour of general debate on H.R. 1960. Resolution also provides for one hour of general debate on H.R. 1256 under a closed rule.

Jun 12, 2013

Considered under the provisions of rule H. Res. 256. (consideration: CR H3317-3332)

Jun 12, 2013

Rule H. Res. 256 passed House.

Jun 11, 2013

Rules Committee Resolution H. Res. 256 Reported to House. Resolution provides for one hour of general debate on H.R. 1960. Resolution also provides for one hour of general debate on H.R. 1256 under a closed rule.

Jun 10, 2013

Placed on the Union Calendar, Calendar No. 72.

Jun 10, 2013

Reported by the Committee on Agriculture. H. Rept. 113-103, Part II.

Jun 10, 2013

Reported (Amended) by the Committee on Financial Services. H. Rept. 113-103, Part I.

May 7, 2013

Committee Consideration and Mark-up Session Held.

May 7, 2013

Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 11.

Apr 11, 2013

Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

Mar 20, 2013

Ordered to be Reported by Voice Vote.

Mar 20, 2013

Committee Consideration and Mark-up Session Held.

Mar 19, 2013

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.

Mar 19, 2013

Introduced in House

Votes taken on this bill 2

Date	Chamber	What was voted on	Result	Yes–No
Jun 12, 2013	House · vote #218	On Passage	Passed	301–124	See who voted →
Jun 12, 2013	House · vote #217	On Motion to Recommit with Instructions	Failed	194–230	See who voted →

Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

Amendment	Sponsor	Purpose	Status	Latest action
HAMDT 140	–	Pursuant to the provisions of H.Res. 256 the amendment printed in House Report 113-104 is considered as adopt…	No recorded outcome	–

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Latest action June 13, 2013

Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Plain-English summary Congressional Research Service

(This measure has not been amended since it was reported to the House as amended, Part I, on June 10, 2013. The summary of that version is repeated here.)

Swap Jurisdiction Certainty Act - Directs the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to issue jointly rules governing the application of swaps requirements of the Securities Exchange Act of 1934 and the Commodity Exchange Act, relating to cross-border swaps and security-based swaps transactions involving U.S. persons or non-U.S. persons.

Requires such rules to be identical (except to the extent necessary to accommodate differences in other underlying statutory requirements), and to address: (1) the nature of the connections to the United States that require a non-U.S. person to register as a swap dealer, major swap participant, security-based swap dealer, or security-based swap participant under each Commission's respective Acts and related regulations; (2) the extent to which U.S. swaps requirements shall apply to the swap and security-based swap activities of non-U.S. persons, U.S. persons, and their branches, agencies, subsidiaries, and affiliates outside the United States; and (3) the circumstances under which a non-U.S. person in compliance with the regulatory requirements of a foreign jurisdiction shall be exempt from U.S. swaps requirements.

Directs the Commissions to exempt from U.S. swaps requirements any non-U.S. person in compliance with the swaps regulatory requirements of a country or administrative region having one of the nine largest combined swap and security-based swap markets by notional amount in the calendar year preceding issuance of such rules (unless the Commissions jointly determine that such requirements are not broadly equivalent to U.S. swaps requirements).

Requires the Commissions to report to Congress if they determine jointly that the regulatory requirements of such foreign jurisdictions are not broadly equivalent to U.S. swaps requirements.

Related & companion bills 3

Bill text 4 versions

Engrossed in House Formatted Text PDF Formatted XML
Introduced in House Formatted Text PDF Formatted XML
Referred in Senate Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 4

Agriculture Committee
House of Representatives
Capital Markets Subcommittee
House of Representatives · subcommittee of Financial Services Committee
Financial Services Committee
House of Representatives
Agriculture, Nutrition, and Forestry Committee
Senate

Cosponsors 3

Georgia · Mar 19, 2013

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 1256: Swap Jurisdiction Certainty Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1256/

MLA

"H.R. 1256: Swap Jurisdiction Certainty Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1256/.

Bluebook (legal)

H.R. 1256, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1256/.

Markdown link

[H.R. 1256: Swap Jurisdiction Certainty Act](https://openamerica.io/bill/113-HR-1256/)