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S. 2976 113th Congress Senate

Derivatives End-Users Clarification Act

Official title: A bill 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: December 4, 2014 Introduced by: Susan M. Collins Republican · Maine See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCommodities marketsSecurities
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 4, 2014
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Dec 4, 2014
Sponsor introductory remarks on measure. (CR S6351-6352)
Dec 4, 2014
Introduced in Senate
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 Latest action December 4, 2014

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

 Plain-English summary Congressional Research Service

Derivatives End-Users Clarification Act - 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), on the condition that an appropriate credit support measure or other mechanism shall be used if the hedge or mitigation of commercial risk is addressed by entering into: (1) a swap with either 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.

Applies this subtitle only to swaps or security-based swaps entered into after enactment of this Act.

 Related & companion bills 3
  • HR 4413 Customer Protection and End User Relief Act
  • HR 5405 Promoting Job Creation and Reducing Small Business Burdens Act
  • HR 5471 To amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to specify how clearing requirements apply …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Klobuchar, Amy
Minnesota · Dec 4, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2976: Derivatives End-Users Clarification Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-2976/
MLA
"S. 2976: Derivatives End-Users Clarification Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2976/.
Bluebook (legal)
S. 2976, 113th Cong. (2026), https://openamerica.io/bill/113-S-2976/.
Markdown link
[S. 2976: Derivatives End-Users Clarification Act](https://openamerica.io/bill/113-S-2976/)
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