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HR 3814 113th Congress House Finance and Financial Sector Administrative law and regulatory procedures Commodities markets Commodity Futures Trading Commission

Risk Management Certainty Act

Introduced: January 7, 2014 Introduced by: Hudson, Richard Republican · North Carolina See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 2014
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Jan 7, 2014
Referred to the House Committee on Agriculture.
Jan 7, 2014
Introduced in House
 Plain-English summary Congressional Research Service

Risk Management Certainty Act - Amends the Commodity Exchange Act to revise the de minimis exemption from designation as a swap dealer. Specifies the de minimus quantity of swap dealing as at least $8 billion.

(The Commodity Futures Trading Commission [CFTC] is required to exempt from designation as a swap dealer any entity that engages in de minimis quantity of swap dealing in connection with transactions with or on behalf of its customers.)

Directs the CFTC to include, among the factors used in determining swap dealer exemptions, any monetary or other levels it has established. Prescribes affirmative CFTC action, either by rule or by regulation, as a prerequisite to changing or amending such levels.

What's happening now February 12, 2014

Referred to the Subcommittee on General Farm Commodities and Risk Management.

 Committees of jurisdiction 2