Business Risk Planning Act
Latest action · Apr 22, 2014 Referred to the Subcommittee on General Farm Commodities and Risk Management.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 27, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Business Risk Planning Act - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC) to: (1) prescribe a rule for public reporting of swap transactions (including price and volume data) in illiquid markets that are not cleared and entered into by a non-financial entity that is hedging or mitigating commercial risk, and (2) ensure that such swap transaction information is publicly available no sooner than 30 days after it has been executed or at a later date the CFTC determines appropriate to protect the identity of participants and positions in illiquid markets and to prevent the elimination or reduction of market liquidity.
Defines an "illiquid market" as one in which there is relatively little volume and infrequent trading in swaps.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Mar 27, 2014 to Jul 14, 2014; 5 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-TX | Filemon Vela | Original | Mar 27, 2014 |
| D-CA | Juan Vargas | Original | Mar 27, 2014 |
| D-TX | Pete P. Gallego | Original | Mar 27, 2014 |
| R-TX | Randy Neugebauer | Original | Mar 27, 2014 |
| R-NC | Richard Hudson | Original | Mar 27, 2014 |
| R-NY | Christopher P. Gibson | Apr 7, 2014 | |
| D-NV | Dina Titus | Jul 14, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Agriculture Committee | Referred Mar 27, 2014 |
| General Farm Commodities, Risk Management, and Credit Subcommittee | Referred Apr 22, 2014 |
Actions 3
Everything that happened, newest first.
- Apr 22, 2014Referred to the Subcommittee on General Farm Commodities and Risk Management.
- Mar 27, 2014Introduced in House
- Mar 27, 2014Referred to the House Committee on Agriculture.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H2745.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2330 | End-User Protection Act of 2014 | Related bill | May 13, 2014 |
| HR 4413 | Customer Protection and End User Relief Act | Related bill | Jun 25, 2014 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Commodity Exchange Act to ensure that the treatment of illiquid swaps does not disadvantage certain non-financial end users who use them to manage business risk.
- Short Titles as Introduced
- Business Risk Planning Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 27, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
