US Congress Senate Bill 876 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on March 26 2015 - 25% progression, died in committee
Action: 2015-03-26 - Referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]

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

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

Sen. Pat Roberts [R-KS]

Sen. Thad Cochran [R-MS]

Sen. David Perdue [R-GA]

Date	Chamber	Action
2015-03-26	Senate	Referred to the Committee on Agriculture, Nutrition, and Forestry.

HB37 (Related) 2015-01-16 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB1317 (Same As) 2015-11-17 - 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/114th-congress/senate-bill/876/all-info
Text	https://www.congress.gov/114/bills/s876/BILLS-114s876is.pdf