US Congress Senate Bill 1802 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on December 11 2013 - 25% progression, died in committee
Action: 2013-12-11 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]

Public Power Risk Management Act of 2013 - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC), when it determines whether to provide an exemption to designation as a swap dealer, to treat a utility operations-related swap entered into with a utility special entity as if such swap were entered into with an entity that is not a special entity. (Thus exempts an entity entering into a utility operations-related swap with a utility special entity from mandatory registration as a swap dealer.) Requires transactions in utility operations-related swaps to be reported according to requirements for the reporting of uncleared swaps. Defines "utility special entity" as a special entity, or any instrumentality, department, or corporation of or established by a state or local government, that: (1) owns or operates an electric or natural gas facility or an electric or natural gas operation; (2) supplies natural gas or electric energy to another utility special entity; (3) has public service obligations under federal, state, or local law or regulation to deliver electric energy or natural gas service to customers; or (4) is a federal power marketing agency. Redefines swap to include a utility operations-related swap. Defines "utility operations-related swap" as one that: (1) is entered into to hedge or mitigate commercial risk; (2) is associated with specified transactions in electric energy or natural gas; and (3) is not a contract, agreement, or transaction based on, derived on, or referencing an interest rate, credit, equity, or currency asset class; or a metal, agricultural commodity, or crude oil or gasoline commodity of any grade, except as used as fuel for electric energy generation.

Public Power Risk Management Act of 2013

Sen. Joe Donnelly [D-IN]	Sen. Roy Blunt [R-MO]	Sen. John Boozman [R-AR]	Sen. Daniel Coats [R-IN]
Sen. Susan Collins [R-ME]	Sen. Heidi Heitkamp [D-ND]	Sen. James Inhofe [R-OK]	Sen. Amy Klobuchar [D-MN]
Sen. Patrick Leahy [D-VT]	Sen. Joe Manchin [D-WV]	Sen. Claire McCaskill [D-MO]	Sen. Marco Rubio [R-FL]
Sen. Jeanne Shaheen [D-NH]	Sen. John Thune [R-SD]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2013-12-11	Senate	Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

HB1038 (Same As) 2013-06-13 - Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
HB4413 (Related) 2014-06-25 - Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1802/all-info
Text	https://www.congress.gov/113/bills/s1802/BILLS-113s1802is.pdf