H.R. 1341
Financial Competitive Act of 2013
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsor
Rep. Fincher, Stephen Lee [R-TN-8]
Bill Details
- Update Date
- Jan 11, 2023
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 1,341
- Congress
- 113
- Introduced Date
- Mar 21, 2013
- Policy Area
- Finance and Financial Sector
- Is Law
- No
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: Senate
Motion to reconsider laid on the table Agreed to without objection.
Source: House floor actions
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 353 - 24 (Roll no. 305). (text: CR H4181)
Source: House floor actions
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 353 - 24 (Roll no. 305).(text: CR H4181)
Source: Library of Congress
Considered as unfinished business. (consideration: CR H4186)
Source: House floor actions
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Source: House floor actions
DEBATE - The House proceeded with forty minutes of debate on H.R. 1341.
Source: House floor actions
Considered under suspension of the rules. (consideration: CR H4181-4182)
Source: House floor actions
Mr. Fincher moved to suspend the rules and pass the bill, as amended.
Source: House floor actions
Placed on the Union Calendar, Calendar No. 96.
Source: House floor actions
Committee on Agriculture discharged.
Source: House floor actions
Committee on Agriculture discharged.
Source: Library of Congress
Reported (Amended) by the Committee on Financial Services. H. Rept. 113-134, Part I.
Source: House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 113-134, Part I.
Source: Library of Congress
Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0.
Source: House committee actions
Committee Consideration and Mark-up Session Held.
Source: House committee actions
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Source: House committee actions
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Source: House committee actions
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: House floor actions
Sponsor introductory remarks on measure. (CR E356-357)
Source: Library of Congress
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
Financial Competitive Act of 2013 - Directs the Financial Stability Oversight Council to study and report to Congress on the likely effects that differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement would have on: (1) U.S. financial institutions that conduct derivatives transactions and participate in derivatives markets, (2) end users of derivatives, and (3) international derivatives markets.
Requires the study to recommend steps Congress and the contituent agencies of the Council should take to: (1) minimize any expected negative effects on U.S. financial institutions, derivatives markets, and end users; and (2) encourage greater international consistency in implementation of internationally agreed capital, liquidity, and other prudential standards.
Financial Competitive Act of 2013 - Directs the Financial Stability Oversight Council (FSOC) to study and report to Congress on the likely effects that differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement would have upon: (1) U.S. financial institutions that conduct derivatives transactions and participate in derivatives markets, (2) end users of derivatives, and (3) international derivatives markets.
Requires the study to recommend steps Congress and the constituent agencies of the FSOC should take to: (1) minimize any expected negative effects on U.S. financial institutions, derivatives markets, and end users; (2) encourage greater international consistency in implementation of internationally agreed capital, liquidity, and other prudential standards; and (3) ensure that the FSOC fulfills its statutory mandate to identify risks and respond to emerging threats to financial stability.
(This measure has not been amended since it was reported to the House on June 28, 2013. The summary of that version is repeated here.)
Financial Competitive Act of 2013 - Directs the Financial Stability Oversight Council (FSOC) to study and report to Congress on the likely effects that differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement would have upon: (1) U.S. financial institutions that conduct derivatives transactions and participate in derivatives markets, (2) end users of derivatives, and (3) international derivatives markets.
Requires the study to recommend steps Congress and the constituent agencies of the FSOC should take to: (1) minimize any expected negative effects on U.S. financial institutions, derivatives markets, and end users; (2) encourage greater international consistency in implementation of internationally agreed capital, liquidity, and other prudential standards; and (3) ensure that the FSOC fulfills its statutory mandate to identify risks and respond to emerging threats to financial stability.
Banking, Housing, and Urban Affairs Committee
Agriculture Committee
Financial Services Committee