Public Power Risk Management Act of 2013
Latest action · Dec 11, 2013 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
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.
- IntroducedDec 11, 2013
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Public Power Risk Management Act of 2013 - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC), when it determines whether to provide an exemption to designation as a swap dealer, to treat a utility operations-related swap entered into with a utility special entity as if such swap were entered into with an entity that is not a special entity. (Thus exempts an entity entering into a utility operations-related swap with a utility special entity from mandatory registration as a swap dealer.)
Requires transactions in utility operations-related swaps to be reported according to requirements for the reporting of uncleared swaps.
Defines "utility special entity" as a special entity, or any instrumentality, department, or corporation of or established by a state or local government, that: (1) owns or operates an electric or natural gas facility or an electric or natural gas operation; (2) supplies natural gas or electric energy to another utility special entity; (3) has public service obligations under federal, state, or local law or regulation to deliver electric energy or natural gas service to customers; or (4) is a federal power marketing agency.
Redefines swap to include a utility operations-related swap.
Defines "utility operations-related swap" as one that: (1) is entered into to hedge or mitigate commercial risk; (2) is associated with specified transactions in electric energy or natural gas; and (3) is not a contract, agreement, or transaction based on, derived on, or referencing
- an interest rate, credit, equity, or currency asset class; or
- a metal, agricultural commodity, or crude oil or gasoline commodity of any grade, except as used as fuel for electric energy generation.
Cosponsors 14
Members who signed on, in the order they did. Signatures ran from Dec 11, 2013 to Apr 10, 2014; 7 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IN | Daniel Coats | Original | Dec 11, 2013 |
| D-ND | Heidi Heitkamp | Original | Dec 11, 2013 |
| R-OK | James M. Inhofe | Original | Dec 11, 2013 |
| D-VT | Patrick J. Leahy | Original | Dec 11, 2013 |
| R-MO | Roy Blunt | Original | Dec 11, 2013 |
| D-RI | Sheldon Whitehouse | Original | Dec 11, 2013 |
| R-ME | Susan M. Collins | Original | Dec 11, 2013 |
| D-MO | Claire McCaskill | Dec 12, 2013 | |
| D-NH | Jeanne Shaheen | Dec 16, 2013 | |
| R-FL | Marco Rubio | Jan 7, 2014 | |
| D-MN | Amy Klobuchar | Feb 24, 2014 | |
| D-WV | Joe Manchin III | Feb 24, 2014 | |
| R-SD | John Thune | Mar 12, 2014 | |
| R-AR | John Boozman | Apr 10, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Agriculture, Nutrition, and Forestry Committee | Referred Dec 11, 2013 |
Actions 2
Everything that happened, newest first.
- Dec 11, 2013Introduced in Senate
- Dec 11, 2013Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
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.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 113-2 | JEWELL NOMINATION120 pages | Energy and Natural Resources Committee | Mar 7, 2013 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1038 | Public Power Risk Management Act of 2013 | Identical bill | Jun 13, 2013 |
| 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
- A bill to provide equal treatment for utility special entities using utility operations-related swaps, and for other purposes.
- Short Titles as Introduced
- Public Power Risk Management Act of 2013
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Dec 11, 2013Introduced in Senate
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.
