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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2013-07-09 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2013-07-08 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2013-07-08 | 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) | House floor actions |
| 2013-07-08 | Floor | Considered as unfinished business. (consideration: CR H4186) | House floor actions |
| 2013-07-08 | Floor | 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. | House floor actions |
| 2013-07-08 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 1341. | House floor actions |
| 2013-07-08 | Floor | Considered under suspension of the rules. (consideration: CR H4181-4182) | House floor actions |
| 2013-07-08 | Floor | Mr. Fincher moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2013-06-28 | Calendars | Placed on the Union Calendar, Calendar No. 96. | House floor actions |
| 2013-06-28 | Discharge | Committee on Agriculture discharged. | House floor actions |
| 2013-06-28 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 113-134, Part I. | House floor actions |
| 2013-05-07 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0. | House committee actions |
| 2013-05-07 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2013-04-23 | Committee | Referred to the Subcommittee on General Farm Commodities and Risk Management. | House committee actions |
| 2013-04-11 | Committee | Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. | House committee actions |
| 2013-03-21 | IntroReferral | 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. | House floor actions |
| 2013-03-21 | IntroReferral | 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. | House floor actions |
| 2013-03-21 | IntroReferral | Introduced in House | Library of Congress |