A bill to amend the Commodity Exchange Act to specify how clearing requirements apply to certain affiliate transactions.
Latest action · Mar 26, 2015 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.
- IntroducedMar 26, 2015
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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), provided that an appropriate credit support measure or other mechanism must be used if the hedge or mitigation of commercial risk is addressed by entering into a swap with either: (1) 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.
Cosponsors 2
Members who signed on, in the order they did. All signed on May 4, 2015.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | David Perdue | May 4, 2015 | |
| R-MS | Thad Cochran | May 4, 2015 |
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 Mar 26, 2015 |
Actions 2
Everything that happened, newest first.
- Mar 26, 2015Introduced in Senate
- Mar 26, 2015Referred 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. 114-150 | REGULATORY ISSUES IMPACTING END-USERS AND MARKET LIQUIDITY139 pages | Agriculture, Nutrition, and Forestry Committee | May 14, 2015 |
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44231 | Commodity Futures Trading Commission: Proposed Reauthorization in the 114th Congress Archived | Report | Aug 3, 2016 |
| R44351 | Derivatives: Introduction and Legislation in the 114th Congress Archived | Report | Jul 1, 2016 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 37 | Promoting Job Creation and Reducing Small Business Burdens Act | Related bill | Jan 16, 2015 |
| HR 1317 | 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 | Nov 17, 2015 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Commodity Exchange Act to specify how clearing requirements apply to certain affiliate transactions.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 26, 2015Introduced 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.
