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HR 1341 113th Congress House Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Competitiveness, trade promotion, trade deficits Congressional oversight Government studies and investigations Securities

Financial Competitive Act of 2013

Introduced: March 21, 2013 See on congress.gov
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 Everywhere this bill has been 19 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 9, 2013
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 8, 2013
Motion to reconsider laid on the table Agreed to without objection.
Jul 8, 2013
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 353 - 24 (Roll no. 305). (text: CR H4181)
Jul 8, 2013
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): 353 - 24 (Roll no. 305).(text: CR H4181)
Jul 8, 2013
Considered as unfinished business. (consideration: CR H4186)
Jul 8, 2013
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.
Jul 8, 2013
DEBATE - The House proceeded with forty minutes of debate on H.R. 1341.
Jul 8, 2013
Considered under suspension of the rules. (consideration: CR H4181-4182)
Jul 8, 2013
Mr. Fincher moved to suspend the rules and pass the bill, as amended.
Jun 28, 2013
Placed on the Union Calendar, Calendar No. 96.
Jun 28, 2013
Committee on Agriculture discharged.
Jun 28, 2013
Reported (Amended) by the Committee on Financial Services. H. Rept. 113-134, Part I.
May 7, 2013
Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0.
May 7, 2013
Committee Consideration and Mark-up Session Held.
Apr 23, 2013
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Apr 11, 2013
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Mar 21, 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 21, 2013
Sponsor introductory remarks on measure. (CR E356-357)
Mar 21, 2013
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 8, 2013 House · vote #305 On Motion to Suspend the Rules and Pass, as Amended Passed 353–24 See who voted →
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was reported to the House on June 28, 2013. The summary of that version is repeated here.)

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.

What's happening now July 9, 2013

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 5
 Cosponsors 1
All 1 Republican 1