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    <number>5649</number>
    <updateDate>2019-11-15T20:50:53Z</updateDate>
    <updateDateIncludingText>2019-11-15T20:50:53Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2012-05-08</introducedDate>
    <congress>112</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. SCHILLING:H.R. 5649.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the Constitution of theUnited States.____________________[Page H2447]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Agriculture Committee</name>
        <chamber>House</chamber>
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            <systemCode>hsag16</systemCode>
            <name>General Farm Commodities, Risk Management, and Credit Subcommittee</name>
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                <date>2012-05-30T20:00:11Z</date>
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            <name>Referred to</name>
            <date>2012-05-08T14:10:20Z</date>
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      <item>
        <title>Small Business Credit Availability Act</title>
        <congress>112</congress>
        <number>3336</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2012-04-26</actionDate>
          <text>Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.</text>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
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        <actionDate>2012-05-30</actionDate>
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            <systemCode>hsag16</systemCode>
            <name>General Farm Commodities, Risk Management, and Credit Subcommittee</name>
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          <name>House committee actions</name>
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        <text>Referred to the Subcommittee on General Farm Commodities and Risk Management.</text>
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      <item>
        <actionDate>2012-05-08</actionDate>
        <text>Referred to the House Committee on Agriculture.</text>
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            <name>Agriculture Committee</name>
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        <bioguideId>S001182</bioguideId>
        <fullName>Rep. Schilling, Robert T. [R-IL-17]</fullName>
        <firstName>Robert</firstName>
        <lastName>Schilling</lastName>
        <party>R</party>
        <state>IL</state>
        <middleName>T.</middleName>
        <district>17</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>O000169</bioguideId>
        <fullName>Rep. Owens, William L. [D-NY-23]</fullName>
        <firstName>William</firstName>
        <lastName>Owens</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>L.</middleName>
        <district>23</district>
        <sponsorshipDate>2012-05-08</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M000485</bioguideId>
        <fullName>Rep. McIntyre, Mike [D-NC-7]</fullName>
        <firstName>MIKE</firstName>
        <lastName>MCINTYRE</lastName>
        <party>D</party>
        <state>NC</state>
        <district>7</district>
        <sponsorshipDate>2012-05-08</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Commodities markets</name>
        </item>
        <item>
          <name>Consumer credit</name>
        </item>
        <item>
          <name>Corporate finance and management</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
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      <policyArea>
        <name>Finance and Financial Sector</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2012-05-08</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2012-07-18T19:34:15Z</updateDate>
        <text><![CDATA[ <p>Manufacturing Certainty and Captive Finance Affiliate Clarification Act - Amends the Commodity Exchange Act to redefine an exclusion from &quot;major swap participant&quot; (and as a result from the swap clearing requirement) an entity (captive finance company) whose primary business is providing financing that facilitates the sale or lease of products by or on behalf of the parent company or its subsidiary, and uses derivatives only for the purpose of hedging underlying commercial risks in a consolidated financing and leasing portfolio at least 90% of which, as of the end of its preceding fiscal year, is qualifying financing (including loans, notes, installment sales contracts, receivables, and operating and financing leases).</p>  <p> Declares amendments made by this Act effective as of the enactment of the Wall Street Transparency and Accountability Act of 2010 (title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act). </p>]]></text>
      </summary>
    </summaries>
    <title>Manufacturing Certainty and Captive Finance Affiliate Clarification Act</title>
    <titles>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Manufacturing Certainty and Captive Finance Affiliate Clarification Act</title>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>Manufacturing Certainty and Captive Finance Affiliate Clarification Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Commodity Exchange Act to clarify the exemptions for captive finance companies from the definition of major swap participant and from the swap clearing requirement.</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2012-05-08T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-112hr5649ih/xml/BILLS-112hr5649ih.xml</url>
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      </item>
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    <latestAction>
      <actionDate>2012-05-30</actionDate>
      <text>Referred to the Subcommittee on General Farm Commodities and Risk Management.</text>
    </latestAction>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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