HR 677 · 113th Congress 2013–2015, ended

Inter-Affiliate Swap Clarification Act

Introduced Feb 13, 2013 Originated House Sponsor Steve Stivers R-OH

Fact sheet

Latest action · May 7, 2013 Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.

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.

  1. IntroducedFeb 13, 2013
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Inter-Affiliate Swap Clarification Act - Amends the Commodity Exchange Act and the Securities Exchange Act of 1934, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to exempt from certain regulatory requirements any swaps and security-based swaps entered into by parties neither of which is a swap dealer or a major swap participant: (1) that is also an insured depository institution, (2) that reports information or prepares financial statements on a consolidated basis, or (3) for which a company affiliated with both parties reports information or prepares financial statements on a consolidated basis.

Requires that such exempted agreements, contracts, or transactions be reported to an appropriate data repository, or, if there is no such repository that would accept them, to: (1) the Commodity Futures Trading Commission (CFTC) in the case of exempted swaps, or (2) the Securities and Exchange Commission (SEC) in the case of exempted security-based swaps.

Cosponsors 11

Members who signed on, in the order they did. Signatures ran from Feb 13, 2013 to Apr 3, 2014, with 4 there on the day it was introduced.

SeatCosponsorSigned on
R-NYChristopher P. GibsonOriginalFeb 13, 2013
R-AZDavid SchweikertOriginalFeb 13, 2013
D-WIGwen MooreOriginalFeb 13, 2013
D-OHMarcia L. FudgeOriginalFeb 13, 2013
R-AREric A. "Rick" CrawfordMar 4, 2013
D-OHJoyce BeattyMar 6, 2013
R-TXK. Michael ConawayMar 12, 2013
R-OHBob GibbsMar 14, 2013
D-GADavid ScottMar 14, 2013
D-CAJuan VargasMar 14, 2013
R-ILRodney DavisApr 3, 2014

Actions 9

Everything that happened, newest first.

  1. May 7, 2013Committee Consideration and Mark-up Session Held.
  2. May 7, 2013Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
  3. Apr 11, 2013Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
  4. Mar 20, 2013Committee Consideration and Mark-up Session Held.
  5. Mar 20, 2013Ordered to be Reported (Amended) by Voice Vote.
Show all 9 actions

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Feb 13, 2013Introduced in House

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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.