[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3814 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 3814

To amend the Commodity Exchange Act to require the de minimis quantity 
 of swap dealing needed to qualify for exemption from designation as a 
 swap dealer to be changed by a vote of the Commodity Futures Trading 
                              Commission.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 2014

  Mr. Hudson introduced the following bill; which was referred to the 
                        Committee on Agriculture

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                                 A BILL


 
To amend the Commodity Exchange Act to require the de minimis quantity 
 of swap dealing needed to qualify for exemption from designation as a 
 swap dealer to be changed by a vote of the Commodity Futures Trading 
                              Commission.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Risk Management Certainty Act''.

SEC. 2. COMMISSION VOTE REQUIRED BEFORE AUTOMATIC CHANGE OF SWAP DEALER 
              DE MINIMIS LEVEL.

    Section 1a(49)(D) of the Commodity Exchange Act (7 U.S.C. 
1a(49)(D)) is amended to read as follows:
                    ``(D) De minimis exception.--The Commission shall 
                exempt from designation as a swap dealer an entity that 
                engages in a de minimis quantity of swap dealing (which 
                shall not be less than $8,000,000,000) in connection 
                with transactions with or on behalf of its customers. 
                The Commission shall promulgate regulations to 
                establish the factors to be used in a determination to 
                so exempt, including any monetary or other levels 
                established by the Commission, and such levels shall 
                only be amended or changed through an affirmative 
                action of the Commission undertaken by rule or 
                regulation.''.
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