US Congress House Bill 677 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on February 13 2013 - 25% progression, died in chamber
Action: 2013-05-07 - Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
Text: Latest bill text (Introduced) [PDF]

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.

Inter-Affiliate Swap Clarification Act

Rep. Steve Stivers [R-OH]	Rep. Joyce Beatty [D-OH]	Rep. Michael Conaway [R-TX]	Rep. Eric Crawford [R-AR]
Rep. Rodney Davis [R-IL]	Rep. Marcia Fudge [D-OH]	Rep. Bob Gibbs [R-OH]	Rep. Christopher Gibson [R-NY]
Rep. Gwen Moore [D-WI]	Rep. David Schweikert [R-AZ]	Rep. David Scott [D-GA]	Rep. Juan Vargas [D-CA]

Date	Chamber	Action
2013-05-07	House	Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
2013-05-07	House	Committee Consideration and Mark-up Session Held.
2013-04-11	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
2013-03-20	House	Ordered to be Reported (Amended) by Voice Vote.
2013-03-20	House	Committee Consideration and Mark-up Session Held.
2013-03-14	House	Committee Hearings Held.
2013-03-01	House	Referred to the Subcommittee on General Farm Commodities and Risk Management.
2013-02-13	House	Referred to House Agriculture
2013-02-13	House	Referred to House Financial Services
2013-02-13	House	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.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/677/all-info
Text	https://www.congress.gov/113/bills/hr677/BILLS-113hr677ih.pdf