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H.R.634: Business Risk Mitigation and Price Stabilization 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 Mike Grimm, R-N.Y.
Total Cosponsors 8 (5 Democrats, 3 Republicans)
Introduced Feb. 13, 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

Business Risk Mitigation and Price Stabilization Act of 2013 - Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties: (1) is eligible for an exception from clearing requirements because it is not a financial entity, uses swaps to hedge or mitigate commercial risk, and notifies the Commodity Futures Trading Commission (CFTC) how it meets financial obligations associated with entering into non-cleared swaps; (2) is eligible for a public interest exemption from swap clearing requirements for certain cooperative entities; or (3) satisfies specified criteria governing treatment of affiliates in connection with clearing requirements.

Amends the Securities Exchange Act of 1934, regarding registration and regulation of securi...

(Source: Congressional Research Service)

Bill Actions

Date Description
June 13, 2013 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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, as amended Agreed to by the Yeas and Nays: (2/3 required): 411 - 12 (Roll no. 215). (text: CR H3301)

June 12, 2013 Considered as unfinished business. (consideration: CR H3316-3317)
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. 634.
June 12, 2013 Considered under suspension of the rules. (consideration: CR H3301-3304)
June 12, 2013 Mr. Hensarling moved to suspend the rules and pass the bill, as amended.
June 12, 2013 Placed on the Union Calendar, Calendar No. 74.
June 12, 2013 Reported by the Committee on Agriculture. H. Rept. 113-105, Part II.
June 12, 2013 Reported by the Committee on Financial Services. H. Rept. 113-105, Part I.
May 7, 2013 Ordered to be Reported by the Yeas and Nays: 59 - 0.
May 7, 2013 Committee Consideration and Mark-up Session Held.
April 11, 2013 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
March 28, 2013 Committee Hearings Held.
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.
Feb. 13, 2013 Referred to House Agriculture
Feb. 13, 2013 Referred to House Financial Services