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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2013-06-13 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2013-06-12 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2013-06-12 | 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) | House floor actions |
| 2013-06-12 | Floor | Considered as unfinished business. (consideration: CR H3316-3317) | House floor actions |
| 2013-06-12 | 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 |
| 2013-06-12 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 634. | House floor actions |
| 2013-06-12 | Floor | Considered under suspension of the rules. (consideration: CR H3301-3304) | House floor actions |
| 2013-06-12 | Floor | Mr. Hensarling moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2013-06-12 | Calendars | Placed on the Union Calendar, Calendar No. 74. | House floor actions |
| 2013-06-12 | Committee | Reported by the Committee on Agriculture. H. Rept. 113-105, Part II. | House floor actions |
| 2013-06-12 | Committee | Reported by the Committee on Financial Services. H. Rept. 113-105, Part I. | House floor actions |
| 2013-05-07 | Committee | Ordered to be Reported by the Yeas and Nays: 59 - 0. | House committee actions |
| 2013-05-07 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2013-04-11 | Committee | Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. | House committee actions |
| 2013-03-28 | Committee | Committee Hearings Held. | House committee actions |
| 2013-03-20 | Committee | Ordered to be Reported by Voice Vote. | House committee actions |
| 2013-03-20 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2013-03-14 | Committee | Committee Hearings Held. | House committee actions |
| 2013-02-13 | 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 |
| 2013-02-13 | 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 |
| 2013-02-13 | IntroReferral | Introduced in House | Library of Congress |