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HR 634 113th 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 2013

Introduced: February 13, 2013 See on congress.gov
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 Everywhere this bill has been 21 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 Banking, Housing, and Urban Affairs.
Jun 12, 2013
Motion to reconsider laid on the table Agreed to without objection.
Jun 12, 2013
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 411 - 12 (Roll no. 215). (text: CR H3301)
Jun 12, 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): 411 - 12 (Roll no. 215).(text: CR H3301)
Jun 12, 2013
Considered as unfinished business. (consideration: CR H3316-3317)
Jun 12, 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.
Jun 12, 2013
DEBATE - The House proceeded with forty minutes of debate on H.R. 634.
Jun 12, 2013
Considered under suspension of the rules. (consideration: CR H3301-3304)
Jun 12, 2013
Mr. Hensarling moved to suspend the rules and pass the bill, as amended.
Jun 12, 2013
Placed on the Union Calendar, Calendar No. 74.
Jun 12, 2013
Reported by the Committee on Financial Services. H. Rept. 113-105, Part I.
Jun 12, 2013
Reported by the Committee on Agriculture. H. Rept. 113-105, Part II.
May 7, 2013
Ordered to be Reported by the Yeas and Nays: 59 - 0.
May 7, 2013
Committee Consideration and Mark-up Session Held.
Apr 11, 2013
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Mar 28, 2013
Committee Hearings Held.
Mar 20, 2013
Committee Consideration and Mark-up Session Held.
Mar 20, 2013
Ordered to be Reported by Voice Vote.
Mar 14, 2013
Committee Hearings Held.
Feb 13, 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.
Feb 13, 2013
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jun 12, 2013 House · vote #215 On Motion to Suspend the Rules and Pass, as Amended Passed 411–12 See who voted →
 Plain-English summary Congressional Research Service

Business Risk Mitigation and Price Stabilization Act of 2013 - 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 because it is not a financial entity, uses swaps to hedge or mitigate commercial risk, and notifies the Commodity Futures Trading Commission (CFTC) how it meets financial obligations associated with entering into non-cleared swaps; (2) is eligible for a public interest exemption from swap clearing requirements for certain cooperative entities; or (3) 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.

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 June 13, 2013

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

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