Business Risk Mitigation and Price Stabilization Act of 2011

Summary

Business Risk Mitigation and Price Stabilization Act of 2011 - Amends the Commodity Exchange Act (CEA) and the Securities Exchange Act of 1934 to revise the element of the definition of a major swap participant which states that the participant's outstanding swaps create substantial counterparty exposure that could have serious adverse effects on the financial stability of the U.S. banking system or financial markets. Specifies "net" counterparty exposure, thus stating that the major swap participant's outstanding swaps create substantial net counterparty exposure that could have serious adverse effects on the financial stability of the U.S. banking system or financial markets. Declares capital and margin requirements governing swap dealers and major swap participants inapplicable to swaps in which one of the counterparties is not: (1) a swap dealer or major swap participant; (2) a specified kind of investment fund; (3) a commodity pool; or (4) the Federal National Mortgage Association (Fannie Mae) or any affiliate, the Federal Home Loan Mortgage Corporation (Freddie Mac) or any affiliate, or a Federal Home Loan Bank. Exempts from margin requirements under the CEA and the Securities Exchange Act of 1934 any swaps entered into before the date upon which specified final rules must be published under the Wall Street Transparency and Accountability Act of 2010, title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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

Timeline

1. 15 February 2011

   Committee

   Hearings Held Prior to Introduction.

   Source: Committee

2. 16 March 2011

   Committee

   Hearings Held Prior to Introduction.

   Source: Committee

3. 15 April 2011

   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

4. 15 April 2011

   Introduced

   Introduced in House

   Source: IntroReferral

5. 15 April 2011

   Introduced

   Introduced in House

   Source: IntroReferral

6. 2 May 2011

   Referred

   Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

   Source: Committee

7. 3 May 2011

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

8. 4 May 2011

   Vote

   Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 19 - 13 .

   Source: Committee

9. 4 May 2011

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

10. 11 May 2011

    Referred

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

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 April 2011 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2011

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 15 April 2011

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Grimm, Michael G. [R-NY-11] · R · Sponsor
• Rep. Neugebauer, Randy [R-TX-19] · R · Sponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. Coffman, Mike [R-CO-6] · R · Cosponsor
• Rep. Goodlatte, Bob [R-VA-6] · R · Cosponsor
• · hsag00 · Standing
• · hsba00 · Standing

Related records

• related to ← Business Risk Mitigation and Price Stabilization Act of 2012
• related to ← A bill to provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes.