H.R. 677
Inter-Affiliate Swap Clarification Act
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
Sponsor
Rep. Stivers, Steve [R-OH-15]
Bill Details
- Update Date
- Mar 3, 2022
- Update Date (incl. Text)
- May 20, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 677
- Congress
- 113
- Introduced Date
- Feb 13, 2013
- Policy Area
- Finance and Financial Sector
- Is Law
- No
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
Source: House committee actions
Committee Consideration and Mark-up Session Held.
Source: House committee actions
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Source: House committee actions
Ordered to be Reported (Amended) by Voice Vote.
Source: House committee actions
Committee Consideration and Mark-up Session Held.
Source: House committee actions
Committee Hearings Held.
Source: House committee actions
Referred to the Subcommittee on General Farm Commodities and Risk Management.
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
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
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.
Financial Services Committee
Agriculture Committee
Introduced in House
Feb 13, 2013