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H.R.1038: Public Power Risk Management Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Doug LaMalfa, R-Calif.
Total Cosponsors 42 (22 Democrats, 20 Republicans)
Introduced March 11, 2013
Latest Major Action June 13, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Public Power Risk Management Act of 2013 - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC), when it determines whether to provide an exemption to designation as a swap dealer, to treat a utility operations-related swap entered into with a utility special entity as if such swap were entered into with an entity that is not a special entity. (Thus exempts an entity entering into a utility operations-related swap with a utility special entity from mandatory registration as a swap dealer.)

Requires transactions in utility operations-related swaps to be reported according to requirements for the reporting of uncleared swaps.

Defines "utility special entity" as a special entity, or any instrumentality, department, or corporation of or established by a state or local government, that: (1) owns or opera...

(Source: Congressional Research Service)

Bill Actions

Date Description
June 13, 2013 Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
June 12, 2013 Motion to reconsider laid on the table Agreed to without objection.
June 12, 2013

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 423 - 0 (Roll no. 219). (text: CR H3307)

June 12, 2013 Considered as unfinished business. (consideration: CR H3332-3333)
June 12, 2013 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.
June 12, 2013 DEBATE - The House proceeded with forty minutes of debate on H.R. 1038.
June 12, 2013 Considered under suspension of the rules. (consideration: CR H3307-3309)
June 12, 2013 Mr. LaMalfa moved to suspend the rules and pass the bill.
June 12, 2013 Placed on the Union Calendar, Calendar No. 76.
June 12, 2013 Reported by the Committee on Agriculture. H. Rept. 113-107.
March 20, 2013 Ordered to be Reported by Voice Vote.
March 20, 2013 Committee Consideration and Mark-up Session Held.
March 14, 2013 Committee Hearings Held.
March 11, 2013 Referred to the House Committee on Agriculture.