US Congress Senate Bill 947 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 9-0)
Status: Introduced on May 11 2011 - 25% progression, died in committee
Action: 2011-05-11 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Amends the Commodity Exchange Act and the Securities Exchange Act of 1934 to exempt from specified margin requirements: (1) swaps in which one of the counterparties is neither a swap dealer nor a major swap participant, (2) certain investment funds, (3) specified regulated entities, and (4) a commodity pool. Exempts from such margin requirements, also, any swaps or security-based swaps entered into before the date on which final rules are required to be promulgated or published under the Dodd-Frank Wall Street Reform and Consumer Protection Act or the Wall Street Transparency and Accountability Act of 2010, respectively.

A bill to provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes.

Sen. Mike Johanns [R-NE]	Sen. Saxby Chambliss [R-GA]	Sen. Thad Cochran [R-MS]	Sen. Bob Corker [R-TN]
Sen. Mike Crapo [R-ID]	Sen. John Hoeven [R-ND]	Sen. Jerry Moran [R-KS]	Sen. Pat Toomey [R-PA]
Sen. Roger Wicker [R-MS]

Date	Chamber	Action
2011-05-11	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB1610 (Related) 2011-05-11 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
SB1650 (Related) 2011-10-04 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/947/all-info
Text	https://www.congress.gov/112/bills/s947/BILLS-112s947is.pdf