H.R. 634 — 113th Congress

Business Risk Mitigation and Price Stabilization Act of 2013

Originated in the House · Introduced Feb 13, 2013 · Finance and Financial Sector

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Latest action

Jun 13, 2013

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

CRS summary

As of Jun 12, 2013

Passed 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 record

Jun 12, 2013 · On Motion to Suspend the Rules and Pass, as Amended

Full roll call

Passed (411–12)

7 of 434 recorded votes are not yet matched to a member profile.

Yea411: 225 R · 178 D · 1 I · 1 L

MemberPartyState
WATT, Melvin L.NC
ALEXANDER, RodneyLA
YOUNG, Charles WilliamFL
RADEL, TreyFL
ANDREWS, Robert ErnestNJ
BONNER, Jr., Josiah RobinsAL
Terri A. SewellDemocratAL
Ann KirkpatrickDemocratAZ
Ed PastorDemocratAZ
Raúl M. GrijalvaDemocratAZ
Ron BarberDemocratAZ
Adam B. SchiffDemocratCA
Ami BeraDemocratCA
Anna G. EshooDemocratCA
Barbara LeeDemocratCA
Brad ShermanDemocratCA
Doris O. MatsuiDemocratCA
Eric SwalwellDemocratCA
George MillerDemocratCA
Gloria Negrete McLeodDemocratCA
Grace F. NapolitanoDemocratCA
Henry A. WaxmanDemocratCA
Jackie SpeierDemocratCA
Jared HuffmanDemocratCA
Jerry McNerneyDemocratCA
Jim CostaDemocratCA
John GaramendiDemocratCA
Juan VargasDemocratCA
Julia BrownleyDemocratCA
Karen BassDemocratCA
Linda T. SánchezDemocratCA
Lois CappsDemocratCA
Loretta SanchezDemocratCA
Lucille Roybal-AllardDemocratCA
Mark TakanoDemocratCA
Maxine WatersDemocratCA
Michael M. HondaDemocratCA
Mike ThompsonDemocratCA
Nancy PelosiDemocratCA
Raul RuizDemocratCA
Sam FarrDemocratCA
Scott H. PetersDemocratCA
Susan A. DavisDemocratCA
Tony CárdenasDemocratCA
Xavier BecerraDemocratCA
Diana DeGetteDemocratCO
Ed PerlmutterDemocratCO
Jared PolisDemocratCO
Elizabeth H. EstyDemocratCT
James A. HimesDemocratCT
Joe CourtneyDemocratCT
John B. LarsonDemocratCT
Rosa L. DeLauroDemocratCT
John C. Carney Jr.DemocratDE
Alcee L. HastingsDemocratFL
Corrine BrownDemocratFL
Frederica S. WilsonDemocratFL
Joe GarciaDemocratFL
Kathy CastorDemocratFL
Lois FrankelDemocratFL
Patrick MurphyDemocratFL
David ScottDemocratGA
Henry C. "Hank" Johnson, Jr.DemocratGA
John BarrowDemocratGA
John LewisDemocratGA
Sanford D. Bishop, Jr.DemocratGA
Colleen HanabusaDemocratHI
Tulsi GabbardDemocratHI
Bruce L. BraleyDemocratIA
David LoebsackDemocratIA
Bill FosterDemocratIL
Bobby L. RushDemocratIL
Bradley Scott SchneiderDemocratIL
Cheri BustosDemocratIL
Daniel LipinskiDemocratIL
Danny K. DavisDemocratIL
Janice D. SchakowskyDemocratIL
Luis V. GutiérrezDemocratIL
Mike QuigleyDemocratIL
Robin L. KellyDemocratIL
Tammy DuckworthDemocratIL
André CarsonDemocratIN
Peter J. ViscloskyDemocratIN
John A. YarmuthDemocratKY
Cedric L. RichmondDemocratLA
Joseph P. Kennedy IIIDemocratMA
Michael E. CapuanoDemocratMA
Niki TsongasDemocratMA
Richard E. NealDemocratMA
Stephen F. LynchDemocratMA
William R. KeatingDemocratMA
C. A. Dutch RuppersbergerDemocratMD
Chris Van HollenDemocratMD
Donna F. EdwardsDemocratMD
Elijah E. CummingsDemocratMD
John K. DelaneyDemocratMD
Steny H. HoyerDemocratMD
Chellie PingreeDemocratME
Michael H. MichaudDemocratME
Daniel T. KildeeDemocratMI
Gary C. PetersDemocratMI
John D. DingellDemocratMI
Sander M. LevinDemocratMI
Betty McCollumDemocratMN
Collin C. PetersonDemocratMN
Timothy J. WalzDemocratMN
Emanuel CleaverDemocratMO
Wm. Lacy ClayDemocratMO
Bennie G. ThompsonDemocratMS
David E. PriceDemocratNC
G. K. ButterfieldDemocratNC
Mike McIntyreDemocratNC
Ann M. KusterDemocratNH
Carol Shea-PorterDemocratNH
Albio SiresDemocratNJ
Bill Pascrell, Jr.DemocratNJ
Donald M. Payne, Jr.DemocratNJ
Frank Pallone, Jr.DemocratNJ
Rush HoltDemocratNJ
Ben Ray LujánDemocratNM
Michelle Lujan GrishamDemocratNM
Dina TitusDemocratNV
Steven HorsfordDemocratNV
Brian HigginsDemocratNY
Carolyn B. MaloneyDemocratNY
Charles B. RangelDemocratNY
Daniel B. MaffeiDemocratNY
Eliot L. EngelDemocratNY
Grace MengDemocratNY
Hakeem S. JeffriesDemocratNY
José E. SerranoDemocratNY
Joseph CrowleyDemocratNY
Nita M. LoweyDemocratNY
Nydia M. VelázquezDemocratNY
Paul TonkoDemocratNY
Sean Patrick MaloneyDemocratNY
Steve IsraelDemocratNY
Timothy H. BishopDemocratNY
Yvette D. ClarkeDemocratNY
Joyce BeattyDemocratOH
Marcia L. FudgeDemocratOH
Marcy KapturDemocratOH
Tim RyanDemocratOH
Earl BlumenauerDemocratOR
Kurt SchraderDemocratOR
Peter A. DeFazioDemocratOR
Suzanne BonamiciDemocratOR
Allyson Y. SchwartzDemocratPA
Chaka FattahDemocratPA
Matt CartwrightDemocratPA
Michael F. DoyleDemocratPA
Robert A. BradyDemocratPA
David N. CicillineDemocratRI
James R. LangevinDemocratRI
James E. ClyburnDemocratSC
Jim CooperDemocratTN
Steve CohenDemocratTN
Al GreenDemocratTX
Beto O’RourkeDemocratTX
Eddie Bernice JohnsonDemocratTX
Filemon VelaDemocratTX
Gene GreenDemocratTX
Henry CuellarDemocratTX
Joaquin CastroDemocratTX
Lloyd DoggettDemocratTX
Marc A. VeaseyDemocratTX
Pete P. GallegoDemocratTX
Rubén HinojosaDemocratTX
Sheila Jackson LeeDemocratTX
Jim MathesonDemocratUT
Gerald E. ConnollyDemocratVA
James P. MoranDemocratVA
Robert C. "Bobby" ScottDemocratVA
Peter WelchDemocratVT
Adam SmithDemocratWA
Denny HeckDemocratWA
Derek KilmerDemocratWA
Jim McDermottDemocratWA
Rick LarsenDemocratWA
Suzan K. DelBeneDemocratWA
Gwen MooreDemocratWI
Mark PocanDemocratWI
Ron KindDemocratWI
Nick J. Rahall IIDemocratWV
Kyrsten SinemaIndependentAZ
Justin AmashLibertarianMI
Don YoungRepublicanAK
Martha RobyRepublicanAL
Mike RogersRepublicanAL
Mo BrooksRepublicanAL
Robert B. AderholtRepublicanAL
Spencer BachusRepublicanAL
Eric A. "Rick" CrawfordRepublicanAR
Steve WomackRepublicanAR
Tim GriffinRepublicanAR
Tom CottonRepublicanAR
David SchweikertRepublicanAZ
Matt SalmonRepublicanAZ
Paul A. GosarRepublicanAZ
Trent FranksRepublicanAZ
Dana RohrabacherRepublicanCA
Darrell IssaRepublicanCA
David G. ValadaoRepublicanCA
Devin NunesRepublicanCA
Doug LaMalfaRepublicanCA
Duncan HunterRepublicanCA
Edward R. RoyceRepublicanCA
Gary G. MillerRepublicanCA
Howard P. "Buck" McKeonRepublicanCA
Jeff DenhamRepublicanCA
Ken CalvertRepublicanCA
Kevin McCarthyRepublicanCA
Paul CookRepublicanCA
Tom McClintockRepublicanCA
Cory GardnerRepublicanCO
Doug LambornRepublicanCO
Mike CoffmanRepublicanCO
Scott R. TiptonRepublicanCO
Ander CrenshawRepublicanFL
Bill PoseyRepublicanFL
Daniel WebsterRepublicanFL
Dennis A. RossRepublicanFL
Gus M. BilirakisRepublicanFL
Ileana Ros-LehtinenRepublicanFL
Jeff MillerRepublicanFL
John L. MicaRepublicanFL
Mario Diaz-BalartRepublicanFL
Richard B. NugentRepublicanFL
Ron DeSantisRepublicanFL
Steve Southerland IIRepublicanFL
Ted S. YohoRepublicanFL
Thomas J. RooneyRepublicanFL
Vern BuchananRepublicanFL
Austin ScottRepublicanGA
Doug CollinsRepublicanGA
Jack KingstonRepublicanGA
Paul C. BrounRepublicanGA
Phil GingreyRepublicanGA
Rob WoodallRepublicanGA
Tom GravesRepublicanGA
Tom PriceRepublicanGA
Steve KingRepublicanIA
Tom LathamRepublicanIA
Michael K. SimpsonRepublicanID
Raúl R. LabradorRepublicanID
Aaron SchockRepublicanIL
Adam KinzingerRepublicanIL
John ShimkusRepublicanIL
Peter J. RoskamRepublicanIL
Randy HultgrenRepublicanIL
Rodney DavisRepublicanIL
Jackie WalorskiRepublicanIN
Larry BucshonRepublicanIN
Luke MesserRepublicanIN
Marlin A. StutzmanRepublicanIN
Susan W. BrooksRepublicanIN
Todd RokitaRepublicanIN
Todd YoungRepublicanIN
Kevin YoderRepublicanKS
Lynn JenkinsRepublicanKS
Mike PompeoRepublicanKS
Tim HuelskampRepublicanKS
Andy BarrRepublicanKY
Brett GuthrieRepublicanKY
Ed WhitfieldRepublicanKY
Harold RogersRepublicanKY
Thomas MassieRepublicanKY
Bill CassidyRepublicanLA
Charles W. Boustany Jr.RepublicanLA
John FlemingRepublicanLA
Steve ScaliseRepublicanLA
Andy HarrisRepublicanMD
Bill HuizengaRepublicanMI
Candice S. MillerRepublicanMI
Dan BenishekRepublicanMI
Dave CampRepublicanMI
Fred UptonRepublicanMI
Kerry L. BentivolioRepublicanMI
Mike RogersRepublicanMI
Tim WalbergRepublicanMI
Erik PaulsenRepublicanMN
John KlineRepublicanMN
Michele BachmannRepublicanMN
Ann WagnerRepublicanMO
Billy LongRepublicanMO
Blaine LuetkemeyerRepublicanMO
Jason SmithRepublicanMO
Sam GravesRepublicanMO
Vicky HartzlerRepublicanMO
Alan NunneleeRepublicanMS
Gregg HarperRepublicanMS
Steven M. PalazzoRepublicanMS
Steve DainesRepublicanMT
George HoldingRepublicanNC
Howard CobleRepublicanNC
Mark MeadowsRepublicanNC
Patrick T. McHenryRepublicanNC
Renee L. EllmersRepublicanNC
Richard HudsonRepublicanNC
Robert PittengerRepublicanNC
Virginia FoxxRepublicanNC
Walter B. JonesRepublicanNC
Kevin CramerRepublicanND
Adrian SmithRepublicanNE
Jeff FortenberryRepublicanNE
Lee TerryRepublicanNE
Christopher H. SmithRepublicanNJ
Frank A. LoBiondoRepublicanNJ
Jon RunyanRepublicanNJ
Leonard LanceRepublicanNJ
Rodney P. FrelinghuysenRepublicanNJ
Scott GarrettRepublicanNJ
Stevan PearceRepublicanNM
Joseph J. HeckRepublicanNV
Mark E. AmodeiRepublicanNV
Chris CollinsRepublicanNY
Christopher P. GibsonRepublicanNY
Michael G. GrimmRepublicanNY
Peter T. KingRepublicanNY
Richard L. HannaRepublicanNY
Tom ReedRepublicanNY
Bill JohnsonRepublicanOH
Bob GibbsRepublicanOH
Brad R. WenstrupRepublicanOH
David P. JoyceRepublicanOH
James B. RenacciRepublicanOH
Jim JordanRepublicanOH
Michael R. TurnerRepublicanOH
Patrick J. TiberiRepublicanOH
Robert E. LattaRepublicanOH
Steve ChabotRepublicanOH
Steve StiversRepublicanOH
Frank D. LucasRepublicanOK
James LankfordRepublicanOK
Jim BridenstineRepublicanOK
Markwayne MullinRepublicanOK
Tom ColeRepublicanOK
Greg WaldenRepublicanOR
Bill ShusterRepublicanPA
Charles W. DentRepublicanPA
Glenn ThompsonRepublicanPA
Jim GerlachRepublicanPA
Joseph R. PittsRepublicanPA
Keith J. RothfusRepublicanPA
Lou BarlettaRepublicanPA
Michael G. FitzpatrickRepublicanPA
Mike KellyRepublicanPA
Patrick MeehanRepublicanPA
Scott PerryRepublicanPA
Tim MurphyRepublicanPA
Tom MarinoRepublicanPA
Jeff DuncanRepublicanSC
Joe WilsonRepublicanSC
Mark SanfordRepublicanSC
Mick MulvaneyRepublicanSC
Tom RiceRepublicanSC
Trey GowdyRepublicanSC
Kristi L. NoemRepublicanSD
Charles J. "Chuck" FleischmannRepublicanTN
David P. RoeRepublicanTN
Diane BlackRepublicanTN
John J. Duncan, Jr.RepublicanTN
Marsha BlackburnRepublicanTN
Scott DesJarlaisRepublicanTN
Stephen Lee FincherRepublicanTN
Bill FloresRepublicanTX
Blake FarentholdRepublicanTX
Jeb HensarlingRepublicanTX
Joe BartonRepublicanTX
John Abney CulbersonRepublicanTX
John R. CarterRepublicanTX
K. Michael ConawayRepublicanTX
Kay GrangerRepublicanTX
Kenny MarchantRepublicanTX
Kevin BradyRepublicanTX
Lamar SmithRepublicanTX
Louie GohmertRepublicanTX
Mac ThornberryRepublicanTX
Michael C. BurgessRepublicanTX
Michael T. McCaulRepublicanTX
Pete OlsonRepublicanTX
Pete SessionsRepublicanTX
Ralph M. HallRepublicanTX
Randy K. Weber, Sr.RepublicanTX
Randy NeugebauerRepublicanTX
Roger WilliamsRepublicanTX
Sam JohnsonRepublicanTX
Steve StockmanRepublicanTX
Ted PoeRepublicanTX
Chris StewartRepublicanUT
Jason ChaffetzRepublicanUT
Rob BishopRepublicanUT
Bob GoodlatteRepublicanVA
E. Scott RigellRepublicanVA
Frank R. WolfRepublicanVA
H. Morgan GriffithRepublicanVA
J. Randy ForbesRepublicanVA
Robert HurtRepublicanVA
Robert J. WittmanRepublicanVA
Cathy McMorris RodgersRepublicanWA
David G. ReichertRepublicanWA
Doc HastingsRepublicanWA
Jaime Herrera BeutlerRepublicanWA
F. James Sensenbrenner, Jr.RepublicanWI
Paul D. RyanRepublicanWI
Reid J. RibbleRepublicanWI
Sean P. DuffyRepublicanWI
Thomas E. PetriRepublicanWI
David B. McKinleyRepublicanWV
Shelley Moore CapitoRepublicanWV
Cynthia M. LummisRepublicanWY

Nay12: 12 D

MemberPartyState
Alan S. LowenthalDemocratCA
Janice HahnDemocratCA
Zoe LofgrenDemocratCA
Alan GraysonDemocratFL
William L. EnyartDemocratIL
James P. McGovernDemocratMA
John F. TierneyDemocratMA
John P. SarbanesDemocratMD
John Conyers, Jr.DemocratMI
Keith EllisonDemocratMN
Richard M. NolanDemocratMN
Jerrold NadlerDemocratNY

Not Voting11: 8 D · 2 R

MemberPartyState
CANTOR, EricVA
Judy ChuDemocratCA
Debbie Wasserman SchultzDemocratFL
Theodore E. DeutchDemocratFL
Edward J. MarkeyDemocratMA
Carolyn McCarthyDemocratNY
Gregory W. MeeksDemocratNY
Louise McIntosh SlaughterDemocratNY
William L. OwensDemocratNY
John CampbellRepublicanCA
Lynn A. WestmorelandRepublicanGA

Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.