Financial Competitive Act of 2013

Summary

Financial Competitive Act of 2013 - Directs the Financial Stability Oversight Council to study and report to Congress on the likely effects that differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement would have on: (1) U.S. financial institutions that conduct derivatives transactions and participate in derivatives markets, (2) end users of derivatives, and (3) international derivatives markets. Requires the study to recommend steps Congress and the contituent agencies of the Council should take to: (1) minimize any expected negative effects on U.S. financial institutions, derivatives markets, and end users; and (2) encourage greater international consistency in implementation of internationally agreed capital, liquidity, and other prudential standards.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 21 March 2013

   Introduced

   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.

   Source: IntroReferral

2. 21 March 2013

   Introduced

   Sponsor introductory remarks on measure. (CR E356-357)

   Source: IntroReferral

3. 21 March 2013

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 March 2013

   Introduced

   Introduced in House

   Source: IntroReferral

5. 11 April 2013

   Committee

   Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

   Source: Committee

6. 23 April 2013

   Referred

   Referred to the Subcommittee on General Farm Commodities and Risk Management.

   Source: Committee

7. 7 May 2013

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0.

   Source: Committee

8. 7 May 2013

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

9. 28 June 2013

   Calendars

   Placed on the Union Calendar, Calendar No. 96.

   Source: Calendars

10. 28 June 2013

    Discharge

    Committee on Agriculture discharged.

    Source: Discharge

11. 28 June 2013

    Committee

    Committee on Agriculture discharged.

    Source: Committee

12. 28 June 2013

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 113-134, Part I.

    Source: Committee

13. 28 June 2013

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 113-134, Part I.

    Source: Committee

14. 8 July 2013

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

15. 8 July 2013

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 353 - 24 (Roll no. 305). (text: CR H4181)

    Source: Floor

16. 8 July 2013

    Vote

    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): 353 - 24 (Roll no. 305).(text: CR H4181)

    Source: Floor

17. 8 July 2013

    Floor

    Considered under suspension of the rules. (consideration: CR H4181-4182)

    Source: Floor

18. 8 July 2013

    Vote

    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.

    Source: Floor

19. 8 July 2013

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1341.

    Source: Floor

20. 8 July 2013

    Floor

    Mr. Fincher moved to suspend the rules and pass the bill, as amended.

    Source: Floor

21. 9 July 2013

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 9 July 2013 · Official file
• Engrossed in House · 8 July 2013 · Official file
• Reported in House · 28 June 2013 · Official file
• Introduced in House · 21 March 2013 · Official file

Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 9 July 2013

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 9 July 2013

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 8 July 2013

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 8 July 2013

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 8 July 2013

  Open at official source

• Reported in House (text)

  Reported in House · EN · 28 June 2013

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 28 June 2013

  ViewDownloadOpen at official source

• Reported to House amended, Part I

  summary · EN · 28 June 2013

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 21 March 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 March 2013

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 March 2013

  Open at official source

Sponsors

• Rep. Fincher, Stephen Lee [R-TN-8] · R · Sponsor
• David Scott · D · Cosponsor
• Rep. Grimm, Michael G. [R-NY-11] · R · Cosponsor
• Bill Huizenga · R · Cosponsor
• Tom Graves · R · Cosponsor
• · ssbk00 · Standing
• · hsag00 · Standing
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.