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United States · Bill · HR

H.R. 634 (113th)

Business Risk Mitigation and Price Stabilization Act of 2013

referredUnited States· United States Congress· EN

Introduced

13 February 2013

Last action

13 June 2013 · Introduced

Status

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

Sponsors

Rep. Grimm, Michael G. [R-NY-11], Sen. Peters, Gary C. [D-MI], Rep. Scott, Austin [R-GA-8], Rep. McIntyre, Mike [D-NC-7], Rep. Owens, William L. [D-NY-23], Rep. Fincher, Stephen Lee [R-TN-8], Rep. Conaway, K. Michael [R-TX-11], Rep. Vargas, Juan [D-CA-52], David Scott

Subjects

Discovery layer

Source updated

6 December 2025

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Summary

Business Risk Mitigation and Price Stabilization Act of 2013 - Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties: (1) is eligible for an exception from clearing requirements because it is not a financial entity, uses swaps to hedge or mitigate commercial risk, and notifies the Commodity Futures Trading Commission (CFTC) how it meets financial obligations associated with entering into non-cleared swaps; or (2) satisfies specified criteria governing treatment of affiliates in connection with clearing requirements. Amends the Securities Exchange Act of 1934, regarding registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization a security-based swap in which one of the counterparties: (1) qualifies for a specified exception from clearing requirements, or (2) satisfies certain criteria governing the treatment of affiliates. Requires that the amendments to CEA made by this Act be implemented: (1) without regard to federal information policy requirements or the notice and comment requirements of federal administrative procedure; and (2) through promulgation of an interim final rule, pursuant to which public comment will be sought before a final rule is issued. Limits the disregard of such federal information policy and notice and comment requirements solely to changes to rules and regulations, or proposed rule and regulations, that are limited to, and directly a consequence of, the amendments to CEA made by this Act.

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

Timeline

  1. 13 February 2013

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 13 February 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

  3. 13 February 2013

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 14 March 2013

    Committee

    Committee Hearings Held.

    Source: Committee

  5. 20 March 2013

    Reported

    Ordered to be Reported by Voice Vote.

    Source: Committee

  6. 20 March 2013

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  7. 28 March 2013

    Committee

    Committee Hearings Held.

    Source: Committee

  8. 11 April 2013

    Committee

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

    Source: Committee

  9. 7 May 2013

    Vote

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

    Source: Committee

  10. 7 May 2013

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  11. 12 June 2013

    Passed

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

    Source: Floor

  12. 12 June 2013

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 411 - 12 (Roll no. 215). (text: CR H3301)

    Source: Floor

  13. 12 June 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): 411 - 12 (Roll no. 215).(text: CR H3301)

    Source: Floor

  14. 12 June 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

  15. 12 June 2013

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 634.

    Source: Floor

  16. 12 June 2013

    Floor

    Considered under suspension of the rules. (consideration: CR H3301-3304)

    Source: Floor

  17. 12 June 2013

    Floor

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

    Source: Floor

  18. 12 June 2013

    Calendars

    Placed on the Union Calendar, Calendar No. 74.

    Source: Calendars

  19. 12 June 2013

    Reported

    Reported by the Committee on Financial Services. H. Rept. 113-105, Part I.

    Source: Committee

  20. 12 June 2013

    Reported

    Reported by the Committee on Financial Services. H. Rept. 113-105, Part I.

    Source: Committee

  21. 13 June 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

Documents

10 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 13 June 2013

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 13 June 2013

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  • Reported in House (text)

    Reported in House · EN · 12 June 2013

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  • Reported in House (PDF)

    Reported in House · EN · 12 June 2013

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  • Engrossed in House (text)

    Engrossed in House · EN · 12 June 2013

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 12 June 2013

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  • Passed House amended

    summary · EN · 12 June 2013

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  • Introduced in House (text)

    Introduced in House · EN · 13 February 2013

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  • Introduced in House (PDF)

    Introduced in House · EN · 13 February 2013

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  • Introduced in House

    summary · EN · 13 February 2013

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Sponsors

Related records

Sources

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