Derivatives End-Users Clarification Act
Latest action · Dec 4, 2014 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 4, 2014
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Derivatives End-Users Clarification Act - Amends the Commodity Exchange Act and the Securities Exchange Act of 1934 to revise the treatment of affiliate transactions that may be exempt from clearing requirements to authorize such an exemption only if the affiliate enters into the swap to hedge or mitigate the commercial risk of the person that is not a financial entity (as under current law), on the condition that an appropriate credit support measure or other mechanism shall be used if the hedge or mitigation of commercial risk is addressed by entering into: (1) a swap with either a swap dealer or major swap participant, or (2) a security-based swap with a security-based swap dealer or major security-based swap participant.
Applies this subtitle only to swaps or security-based swaps entered into after enactment of this Act.
Cosponsors 1
Members who signed on, in the order they did. All signed on Dec 4, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Amy Klobuchar | Original | Dec 4, 2014 |
Actions 3
Everything that happened, newest first.
- Dec 4, 2014Introduced in Senate
- Dec 4, 2014Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Dec 4, 2014Sponsor introductory remarks on measure. (CR S6351-6352)
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4413 | Customer Protection and End User Relief Act | Related bill | Jun 25, 2014 |
| HR 5405 | Promoting Job Creation and Reducing Small Business Burdens Act | Related bill | Sep 17, 2014 |
| HR 5471 | To amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to specify how clearing requirements apply to certain affiliate transactions, and for other purposes. | Related bill | Dec 10, 2014 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Dec 4, 2014Introduced 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.