A bill to amend the Commodity Exchange Act to specify how clearing requirements apply to certain affiliate transactions.

Summary

Amends the Commodity Exchange Act and the Securities Exchange Act of 1934 to revise the treatment of affiliate transactions that may be exempt from clearing requirements to authorize such an exemption only if the affiliate enters into the swap to hedge or mitigate the commercial risk of the person that is not a financial entity (as under current law), provided that an appropriate credit support measure or other mechanism must be used if the hedge or mitigation of commercial risk is addressed by entering into a swap with either: (1) a swap dealer or major swap participant, or (2) a security-based swap with a security-based swap dealer or major security-based swap participant.

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Timeline

1. 26 March 2015

   Introduced

   Referred to the Committee on Agriculture, Nutrition, and Forestry.

   Source: IntroReferral

2. 26 March 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 March 2015 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 March 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 March 2015

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 March 2015

  Open at official source

Sponsors

• Rep. Roberts, Pat [R-KS-1] · R · Sponsor
• Rep. Cochran, Thad [R-MS-4] · R · Cosponsor
• Sen. Perdue, David [R-GA] · R · Cosponsor
• · ssaf00 · Standing

Related records

• related to → Promoting Job Creation and Reducing Small Business Burdens Act
• related to → To amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to specify how clearing requirements apply to certain affiliate transactions, and for other purposes.