3.0.0 2779 2023-01-11T13:22:32Z 2023-01-11T13:22:32Z House H HR 2011-08-01 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. STIVERS:H.R. 2779.Congress has the power to enact this legislation pursuantto the following:The bill is enacted pursuant to the power granted toCongress under Clause 3 of Section 8 of Article I of theUnited States Constitution.[Page H5887]]]> hsag00 Agriculture Committee House Standing hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee Discharged from 2012-01-25T18:06:25Z Referred to 2011-09-13T14:56:09Z Reported by 2012-02-08T22:22:01Z Markup by 2012-01-25T18:06:33Z Referred to 2011-08-01T14:03:45Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2011-11-15T14:41:19Z Markup by 2011-11-15T14:40:55Z Hearings by 2011-10-14T21:05:54Z Referred to 2011-08-22T18:14:04Z Reported by 2011-12-23T15:06:59Z Markup by 2011-11-30T21:02:11Z Referred to 2011-08-01T14:03:40Z H. Rept. 112-344,Part 2 H. Rept. 112-344,Part 1 2012-03-28 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 343. Calendars 2012-03-27 Senate Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2012-03-26 18:55:08 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2012-03-26 18:55:07 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 357 - 36 (Roll no. 127). (text: CR H1548-1549) Floor H37300 2 House floor actions 127 https://clerk.house.gov/evs/2012/roll127.xml House 112 2012-03-26T22:55:07Z 2 2012-03-26 18:55:07 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 357 - 36 (Roll no. 127).(text: CR H1548-1549) Floor 8000 9 Library of Congress 127 https://clerk.house.gov/evs/2012/roll127.xml House 112 2012-03-26T22:55:07Z 2 2012-03-26 18:30:32 Considered as unfinished business. (consideration: CR H1556-1557) Floor H30000 2 House floor actions 2012-03-26 15:20:04 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. Floor H37220 2 House floor actions 2012-03-26 15:01:59 DEBATE - The House proceeded with forty minutes of debate on H.R. 2779. Floor H8D000 2 House floor actions 2012-03-26 15:01:57 Considered under suspension of the rules. (consideration: CR H1548-1551) Floor H30000 2 House floor actions 2012-03-26 15:01:38 Mr. Garrett moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2012-02-08 Placed on the Union Calendar, Calendar No. 268. Calendars H12410 2 House floor actions U00268 2012-02-08 Reported (Amended) by the Committee on Agriculture. H. Rept. 112-344, Part II. Committee H12200 2 House floor actions hsag00 Agriculture Committee 2012-02-08 Reported (Amended) by the Committee on Agriculture. H. Rept. 112-344, Part II. Committee 5000 9 Library of Congress hsag00 Agriculture Committee 2012-02-01 House Committee on Agriculture Granted an extension for further consideration ending not later than Feb. 8, 2012. IntroReferral H11210 2 House floor actions hsag00 Agriculture Committee 2012-01-25 hsag00 Agriculture Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2012-01-25 hsag00 Agriculture Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2012-01-25 hsag00 Agriculture Committee 1 House committee actions Subcommittee on General Farm Commodities and Risk Management Discharged. Committee 2011-12-23 House Committee on Agriculture Granted an extension for further consideration ending not later than Feb. 1, 2012. IntroReferral H11210 2 House floor actions hsag00 Agriculture Committee 2011-12-23 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-344, Part I. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2011-12-23 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-344, Part I. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2011-11-30 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 0. Committee 2011-11-30 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2011-11-15 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 23 - 6 . Committee 2011-11-15 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-10-14 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2011-09-13 hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee 1 House committee actions Referred to the Subcommittee on General Farm Commodities and Risk Management. Committee 2011-08-22 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-08-01 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. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2011-08-01 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-08-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-08-01 Introduced in House IntroReferral 1000 9 Library of Congress S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 N F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2011-08-01 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2011-11-01 False D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2011-11-30 False G000564 Rep. Gibson, Christopher P. [R-NY-20] Christopher Gibson R NY P. 20 2012-01-23 False Finance and Financial Sector Banking and financial institutions regulation Commodities markets Financial services and investments Government information and archives Securities Finance and Financial Sector 00 2011-08-01 Introduced in House 2011-12-06T20:46:22Z 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 swaps and security-based swaps entered into by a party that is controlling, controlled by, or under common control with its counterparty.

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.

]]> 18 2011-12-23 Reported to House amended, Part I 2012-03-15T14:54:21Z 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 swaps and security-based swaps entered into by a party that is controlling, controlled by, or under common control with its counterparty.

Excludes from the meaning of the term "security-based swap," for purposes of clearing and execution requirements, capital and margin requirements, and for defining a security-based swap dealer or a major security-based swap participant, any agreement, contract, or transaction that: (1) would otherwise be included as a "security-based swap"; and (2) is entered into by parties that report information or prepare financial statements on a consolidated basis, or for which an affiliated company reports information or prepares financial statements on a consolidated basis for both parties.

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.

Prohibits a federal or state regulator of an insurance fund or guaranty fund from subjecting security-based swap transactions between affiliated companies to certain: (1) clearing and execution requirements, (2) margin and capital requirements, or (3) reporting requirements (other than those prescribed under this Act).

Authorizes the SEC to prescribe rules it deems necessary to include in the definition of "security-based swap" any agreement, contract, or transaction that has been structured as an affiliate transaction to evade the requirements of this Act regarding security-based swaps.

Extends the exemptions, exclusions, requirements, and prohibitions of this Act to affiliate swap and security-based swap transactions.]]>

19 2012-02-08 Reported to House amended, Part II 2012-03-28T20:43:35Z Amends the Commodity Exchange Act as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), to exclude from the meaning of the term "swap," for purposes of clearing and execution requirements, capital and margin requirements, and for purposes of defining a swap dealer or major swap participant, any agreement, contract, or transaction that: (1) would otherwise be included as a "swap"; and (2) is entered into by parties that report information or prepare financial statements on a consolidated basis, or for which an affiliated company reports information or prepares financial statements on a consolidated basis.

Requires that such exempted agreements, contracts, or transactions be reported to either a swap data repository, or, if no such repository would accept them, to the Commodity Futures Trading Commission (CFTC) within the time period prescribed by the CFTC.

Permits a swap data repository to report publically the information submitted.

Retains federal or state regulatory authority to protect the integrity of an insurance fund or guaranty fund. Prohibits the regulator of such a fund, however, from subjecting agreements, contracts, or transactions between affiliated companies to specified clearing, capital and margin requirements, or reporting requirements of the Wall Street Transparency and Accountability Act of 2010 (WSTAA) (title VII of Dodd-Frank).

Preserves the safety-and-soundness authorities of the federal banking agencies, other than the authorities set forth in WSTAA.

Amends the Securities Exchange Act of 1934, as amended by Dodd-Frank, to exempt from certain regulatory requirements security-based swaps entered into by a party that is controlling, controlled by, or under common control with its counterparty.

Requires that such exempted agreements, contracts, or transactions be reported to either a security-based swap data repository or, if no such repository would accept them, to the Securities and Exchange Commission (SEC) within the time period prescribed by the SEC.

]]> 36 2012-03-26 Passed House amended 2012-05-25T16:44:27Z (Sec. 1) Amends the Commodity Exchange Act (CEA), as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), to exclude from the meaning of the term "swap," for purposes of clearing and execution requirements, capital and margin requirements, and for purposes of defining a swap dealer or major swap participant, any agreement, contract, or transaction that: (1) would otherwise be included as a "swap"; and (2) is entered into by parties that report information or prepare financial statements on a consolidated basis, or 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 either a swap data repository, or, if no such repository would accept them, to the Commodity Futures Trading Commission (CFTC) within the time period prescribed by the CFTC.

Retains federal or state regulatory authority to protect the integrity of an insurance fund or guaranty fund. Prohibits the regulator of such a fund, however, from subjecting agreements, contracts, or transactions between affiliated companies to specified clearing, capital and margin requirements, or reporting requirements of the Wall Street Transparency and Accountability Act of 2010 (WSTAA) (title VII of Dodd-Frank).

States that such transactions, however, are not exempt from regulation under the Federal Reserve Act (FRA) with respect to transactions among banking affiliates.

Preserves the safety-and-soundness authorities of the federal banking agencies, other than the authorities set forth in WSTAA.

Authorizes the CFTC to prescribe rules that include in the definition of swaps any agreement, contract, or transaction that has been structured to evade CEA requirements applicable to swaps.

Amends the Securities Exchange Act of 1934 (SEA), as amended by Dodd-Frank, to exclude from the meaning of the term "security-based swap," for purposes of clearing and execution requirements, capital and margin requirements, and for purposes of defining a security-based swap dealer or major security-based swap participant, any agreement, contract, or transaction that: (1) would otherwise be included as a "security-based swap"; and (2) is entered into by parties that report information or prepare financial statements on a consolidated basis, or 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 either a security-based swap data repository, or, if no such repository would accept them, to the Securities and Exchange Commission (SEC) within the time period prescribed by the SEC.

States that such transactions, however, are not exempt from regulation under the FRA with respect to transactions among banking affiliates.

Retains federal or state regulatory authority to protect the integrity of an insurance fund or guaranty fund. Prohibits the regulator of such a fund, however, from subjecting security-based swap transactions between affiliated companies to specified clearing and execution requirements, capital and margin requirements, or reporting requirements of the WSTAA.

Preserves the safety-and-soundness authorities of the federal banking agencies or state insurance regulators to impose capital requirements with regard to security-based swaps, other than the authorities set forth in WSTAA.

Authorizes the SEC to prescribe rules that include in the definition of security-based swaps any agreement, contract, or transaction that has been structured to evade SEA requirements applicable to security-based swaps.

(Sec. 2) Requires that the amendments to CEA made by this Act be implemented: (1) without regard to federal information policy requirements or the notice and comment requirements of federal administrative procedure; and (2) through promulgation of an interim final rule, pursuant to which public comment will be sought before a final rule is issued.

Limits the disregard of such federal information policy and notice and comment requirements solely to changes to rules and regulations, or proposed rule and regulations, that are limited to, and directly a consequence of, the amendments to CEA made by this Act.

]]> To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Display Title To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Official Title as Introduced To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Introduced in House IH Placed on Calendar Senate 2012-03-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2779pcs/xml/BILLS-112hr2779pcs.xml Engrossed in House 2012-03-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2779eh/xml/BILLS-112hr2779eh.xml Reported in House 2012-02-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2779rh/xml/BILLS-112hr2779rh.xml Introduced in House 2011-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2779ih/xml/BILLS-112hr2779ih.xml 2012-03-28 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 343. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.