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HR 5471 113th Congress House Finance and Financial Sector Commodities markets Securities

To amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to specify how clearing requirements apply to certain affiliate transactions, and for other purposes.

Introduced: September 15, 2014 Introduced by: Moore, Gwen Democratic · Wisconsin See on congress.gov
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 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 10, 2014
Referred to the Committee on Agriculture, Nutrition, and Forestry.
Dec 10, 2014
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
Dec 3, 2014
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 2, 2014
Motion to reconsider laid on the table Agreed to without objection.
Dec 2, 2014
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8240)
Dec 2, 2014
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8240)
Dec 2, 2014
DEBATE - The House proceeded with forty minutes of debate on H.R. 5471.
Dec 2, 2014
Considered under suspension of the rules. (consideration: CR H8240-8244)
Dec 2, 2014
Mr. Luetkemeyer moved to suspend the rules and pass the bill.
Sep 22, 2014
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Sep 15, 2014
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.
Sep 15, 2014
Introduced in House
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Amends the Commodity Exchange Act and the Securities Exchange Act of 1934 to revise the treatment of affiliate transactions that may be exempt from clearing requirements to authorize such an exemption only if the affiliate enters into the swap to hedge or mitigate the commercial risk of the person that is not a financial entity (as under current law), provided that an appropriate credit support measure or other mechanism must be used if the hedge or mitigation of commercial risk is addressed by entering into a swap with either: (1) a swap dealer or major swap participant, or (2) a security-based swap with a security- based swap dealer or major security-based swap participant.

What's happening now December 10, 2014

Referred to the Committee on Agriculture, Nutrition, and Forestry.

 Committees of jurisdiction 5