H.R. 677 · 113th Congress
Inter-Affiliate Swap Clarification Act
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
StiversSponsor11 cosponsors · 5 D, 6 R
D
Fudge
CG
R
Gibson
GM
D
Moore
DS
R
Schweikert
RC
R
Crawford
JB
D
Beatty
KC
R
Conaway
BG
R
Gibbs
DS
D
Scott
JV
D
Vargas
RD
R
Davis4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Feb 13, 2013
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Inter-Affiliate Swap Clarification Act
Latest action (May 7, 2013): Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Feb 13, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.