3.0.0 1111 2023-01-11T13:27:25Z 2023-01-11T13:27:25Z Senate S 2015-04-28 114 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2015-04-28T19:03:45Z Commodity End-User Relief Act 114 2289 HR 2015-06-10 Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Related bill CRS Public Power Risk Management Act of 2015 114 2041 HR 2015-05-15 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Identical bill CRS Commodity End-User Relief Act 114 2917 S 2016-05-10 Placed on Senate Legislative Calendar under General Orders. Calendar No. 461. Related bill CRS 2015-04-28 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2015-04-28 Introduced in Senate IntroReferral 10000 9 Library of Congress D000607 Sen. Donnelly, Joe [D-IN] Joe Donnelly D IN N I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2015-04-28 True Finance and Financial Sector Business records Commodities markets Electric power generation and transmission Energy storage, supplies, demand Oil and gas Public contracts and procurement Securities Finance and Financial Sector 00 2015-04-28 Introduced in Senate 2015-05-29T15:20:01Z Public Power Risk Management Act of 2015

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 operates, or anticipates owning or operating, an electric or natural gas facility or an electric or natural gas operation; (2) supplies or anticipates supplying natural gas or electric energy to another utility special entity; (3) has or anticipates having public service obligations under federal, state, or local law or regulation to deliver electric energy or natural gas service to customers; or (4) is a federal power marketing agency.

Redefines swap to include a utility operations-related swap.

Defines "utility operations-related swap" as one that: (1) is entered into to hedge or mitigate commercial risk; (2) is associated with specified transactions in electric energy or natural gas; and (3) is not a contract, agreement, or transaction based on, derived on, or referencing:

  • an interest rate, credit, equity, or currency asset class;
  • a metal, agricultural commodity, or crude oil or gasoline commodity of any grade, except as used as fuel for electric energy generation; and
  • any other commodity or category of commodities identified for this purpose in a CFTC rule or order adopted in consultation with federal and state regulatory commissions.
]]> Public Power Risk Management Act of 2015 Display Title Public Power Risk Management Act of 2015 Official Title as Introduced A bill to provide equal treatment for utility special entities using utility operations-related swaps, and for other purposes. Introduced in Senate IS Short Titles as Introduced Public Power Risk Management Act of 2015 Introduced in Senate 2015-04-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1111is/xml/BILLS-114s1111is.xml 2015-04-28 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. 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.