Manufacturing Certainty and Captive Finance Affiliate Clarification Act

Summary

Manufacturing Certainty and Captive Finance Affiliate Clarification Act - Amends the Commodity Exchange Act to redefine an exclusion from "major swap participant" (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). 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).

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

Timeline

1. 8 May 2012

   Introduced

   Referred to the House Committee on Agriculture.

   Source: IntroReferral

2. 8 May 2012

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 May 2012

   Introduced

   Introduced in House

   Source: IntroReferral

4. 30 May 2012

   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 · 8 May 2012 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 May 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 May 2012

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 8 May 2012

  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. Schilling, Robert T. [R-IL-17] · R · Sponsor
• Rep. Owens, William L. [D-NY-23] · D · Sponsor
• Rep. McIntyre, Mike [D-NC-7] · D · Sponsor
• · hsag00 · Standing

Related records

• related to → Small Business Credit Availability Act