US Congress House Bill 3336 (Prior Session Legislation)

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April 26 2012 - Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Engrossed) [PDF]

Small Business Credit Availability Act - (Sec. 2) Amends the Commodity Exchange Act (as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act [Dodd-Frank]) to exclude from regulation as a swap dealer an insured depository institution, or a U.S. uninsured branch or agency of a foreign bank that has a prudential regulator. Permits designation of a person as a swap dealer for a single type, class, or category of swap or activity, and yet considered not to be a swap dealer for other types, classes, or categories of swaps or activities. Excludes from the definition of "swap dealer" a person that enters into swaps for such person's own account: (1) either individually or in a fiduciary capacity, but not as part of specified business activities; (2) in order to either hedge or mitigate commercial risk; or (3) to comply with state or local governmental regulations. Excludes also from factors determinative of "swap dealer" a swap entered into for a person's own account and that involves a capacity contract, a renewable energy credit, an emissions allowance, or an emissions offset if such instrument is used to meet obligations under state or local governmental regulations. (Sec. 3) Excludes outright from the meaning of financial entity any small bank, savings association, farm credit system institution, non-profit cooperative lender controlled by electric cooperatives, or credit union if the aggregate uncollateralized outward exposure plus aggregate potential outward exposure with respect to its swaps does not exceed $1 billion. (Thus exempts such entities from the clearing requirement.) (Sec. 4) Redefines "major swap participant" to exclude an entity whose primary business is providing financing that facilitates the sale or lease of products by or on behalf of the parent company or its subsidiary, and uses derivatives only for the purpose of hedging underlying commercial risks in a consolidated financing and leasing portfolio at least 90% of which, as of the end of its preceding fiscal year, is qualifying financing (including loans, notes, installment sales contracts, receivables, and operating and financing leases). Excludes certain captive finance entities from the swap clearing requirement. (Sec. 5) Declares amendments made by this Act effective as of the enactment of the Wall Street Transparency and Accountability Act of 2010 (title VII of Dodd-Frank). (Sec. 6) Requires the amendments made by this Act to be implemented: (1) through promulgation of an interim final rule, pursuant to which public comment will be sought before a final rule is issued; and (2) without regard to specified federal law on coordination of federal information policy, or certain administrative notice and comment requirements.

Small Business Credit Availability Act'

Rep Hartzler, Vicky

Rep Holden, Tim

Rep McIntyre, Mike

2012-04-25 - On Motion to Suspend the Rules and Pass, as Amended (Y: 312 N: 111 NV: 8 Abs: 0) [PASS]
2012-04-25 - On Motion to Suspend the Rules and Pass, as Amended (Y: 312 N: 111 NV: 8 Abs: 0) [PASS]

Date	Chamber	Action
2012-04-26	Senate	Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
2012-04-25	House	Motion to reconsider laid on the table Agreed to without objection.
2012-04-25	House	On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 312 - 111 (Roll no. 180). (text: CR H2095-2096)
2012-04-25	House	Considered as unfinished business. (consideration: CR H2107)
2012-04-25	House	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.
2012-04-25	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 3336.
2012-04-25	House	Considered under suspension of the rules. (consideration: CR H2095-2099)
2012-04-25	House	Mr. Lucas moved to suspend the rules and pass the bill, as amended.
2012-02-08	House	Placed on the Union Calendar, Calendar No. 269.
2012-02-08	House	Reported (Amended) by the Committee on Agriculture. H. Rept. 112-390.
2012-01-25	House	Ordered to be Reported (Amended) by Voice Vote.
2012-01-25	House	Committee Consideration and Mark-up Session Held.
2012-01-25	House	Subcommittee on General Farm Commodities and Risk Management Discharged.
2011-11-29	House	Referred to the Subcommittee on General Farm Commodities and Risk Management.
2011-11-03	House	Referred to the House Committee on Agriculture.

HB5649 (Related) 2012-05-30 - Referred to the Subcommittee on General Farm Commodities and Risk Management.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN03336:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112hr3336ih/pdf/BILLS-112hr3336ih.pdf
Text	http://gpo.gov/fdsys/pkg/BILLS-112hr3336rh/pdf/BILLS-112hr3336rh.pdf
Text	http://gpo.gov/fdsys/pkg/BILLS-112hr3336eh/pdf/BILLS-112hr3336eh.pdf
Roll Call	http://clerk.house.gov/evs/2012/roll180.xml