H.R. 634 — 113th Congress
Business Risk Mitigation and Price Stabilization Act of 2013
Sponsor
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113th Congress| Measure | Title |
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| H.R. 180 · Crime and Law Enforcement | National Blue Alert Act of 2013 |
Latest action
Jun 13, 2013Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS summary
As of Jun 12, 2013Passed House amended
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.
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
1 on recordJun 12, 2013 · On Motion to Suspend the Rules and Pass, as Amended
Full roll call7 of 434 recorded votes are not yet matched to a member profile.
Yea — 411: 225 R · 178 D · 1 I · 1 L
Nay — 12: 12 D
Not Voting — 11: 8 D · 2 R
| Member | State |
|---|---|
| CANTOR, Eric | VA |
| Judy Chu | CA |
| Debbie Wasserman Schultz | FL |
| Theodore E. Deutch | FL |
| Edward J. Markey | MA |
| Carolyn McCarthy | NY |
| Gregory W. Meeks | NY |
| Louise McIntosh Slaughter | NY |
| William L. Owens | NY |
| John Campbell | CA |
| Lynn A. Westmoreland | GA |
Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.