H.R. 1256 - Swap Jurisdiction Certainty Act
- Sponsor:
- Scott Garrett
- Summary:
- To direct the Securities and Exchange Commission and the Commodity Futures Trading Commission to jointly adopt rules setting forth the application to cross-border swaps transactions of certain provisions relating to swaps that were enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. (by CRS)
- Status:
- The bill was voted on in the House on June 12, 2013
PASSED on June 12, 2013.
1/2 required to pass
voted YES: 301
voted NO: 124
10 voted present/not voting
Swap Jurisdiction Certainty Act
H.R. 1256 — 113th Congress (2013–2014)
- Summary
- To direct the Securities and Exchange Commission and the Commodity Futures Trading Commission to jointly adopt rules setting forth the application to cross-border swaps transactions of certain provisions relating to swaps that were enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. (by CRS)
- Learn More
- At OpenCongress
- Title
- To direct the Securities and Exchange Commission and the Commodity Futures Trading Commission to jointly adopt rules setting forth the application to cross-border swaps transactions of certain provisions relating to swaps that were enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
- Other Titles
- Swap Jurisdiction Certainty Act
- Swap Jurisdiction Certainty Act
- Swap Jurisdiction Certainty Act
- Swap Jurisdiction Certainty Act
- Sponsor
- Scott Garrett
- Co-Sponsors
- Subjects
- Finance and financial sector
- Administrative law and regulatory procedures
- Commodities markets
- Commodity Futures Trading Commission
- Securities
- Securities and Exchange Commission (SEC)
- Related Bills
- S. 469 (113th) : A Bill to Assist the Secretary of Housing and Urban Development in Stabilizing the Home Equity Conversion Mortgage Program.
- H.Res. 256 (113th) : Providing for Consideration of the Bill (H.R. 1960) to Authorize Appropriations for Fiscal Year 2014 for Military Activities of the Department of Defense and for Military Construction, to Prescribe Military Personnel Strengths for Such Fiscal Year, and for Other Purposes; and Providing for Consideration of the Bill (H.R. 1256) to Direct the Securities and Exchange Commission and the Commodity Futures Trading Commission to Jointly Adopt Rules Setting Forth the Application to Cross-Border Swaps Transactions of Certain Provisions Relating to Swaps That Were Enacted As Part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
- H.R. 4413 (113th) : Customer Protection and End User Relief Act
- Major Actions
Introduced 3/19/2013 Referred to Committee Passed House 6/12/2013 - Bill History
-
Chamber/Committee Motion Date Result select this vote House On Motion to Recommit with Instructions: H R 1256 Swap Jurisdiction Certainty Act 6/12/2013 This motion DID NOT PASS the House 194 voted YES 230 voted NO 11 voted present/not votingcurrently selected House H.R. 1256 (113th): Swap Jurisdiction Certainty Act 6/12/2013 This bill PASSED the House 301 voted YES 124 voted NO 10 voted present/not votingAction Date Description Introduced 3/19/2013 3/19/2013 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. 3/19/2013 Referred to House Financial Services 3/19/2013 Referred to House Agriculture 3/19/2013 Introduced in House 3/20/2013 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 3/20/2013 Ordered to be Reported by Voice Vote. 4/11/2013 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. 5/07/2013 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 5/07/2013 Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 11. 6/10/2013 Reported (Amended) by the Committee on Financial Services. H. Rept. 113-103, Part I. 6/10/2013 Reported by the Committee on Agriculture. H. Rept. 113-103, Part II. Put on a legislative calendar 6/10/2013 Placed on the Union Calendar, Calendar No. 72. 6/11/2013 Rules Committee Resolution H. Res. 256 Reported to House. Resolution provides for one hour of general debate on H.R. 1960. Resolution also provides for one hour of general debate on H.R. 1256 under a closed rule. 6/12/2013 Rule H. Res. 256 passed House. 6/12/2013 Considered under the provisions of rule H. Res. 256. 6/12/2013 Resolution provides for one hour of general debate on H.R. 1960. Resolution also provides for one hour of general debate on H.R. 1256 under a closed rule. 6/12/2013 DEBATE - The House proceeded with one hour of debate on H.R. 1256. 6/12/2013 The previous question was ordered pursuant to the rule. 6/12/2013 Mr. Maloney, Sean moved to recommit with instructions to Financial Services. 6/12/2013 DEBATE - The House proceeded with 10 minutes of debate on the Sean Maloney motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to rule that foreign entities are not broadly equivalent to U.S. swaps requirements if they: (1) engage in cyber attacks against the U.S. (including U.S. persons and businesses), do not have or enforce laws to deter cyber attacks, or have ever been the subject of a civil or criminal proceeding for cyber attacks; or (2) are in violation of, do not enforce comparable restrictions to, or have ever been the subject of a civil or criminal proceeding for violating Iran Sanctions. 6/12/2013 Motion to reconsider laid on the table Agreed to without objection. 6/12/2013 6/12/2013 House amendment offered select this vote Vote 6/12/2013 On Motion to Recommit with Instructions: H R 1256 Swap Jurisdiction Certainty Act currently selected House Vote on Passage 6/12/2013 H.R. 1256 (113th): Swap Jurisdiction Certainty Act 6/13/2013 Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Number Sponsor Date Offered Status
Average contributions given to House members from interest groups that…
supported this bill
Security brokers & investment companies |
Commercial banks & bank holding companies |
General business associations |
Chambers of commerce |
opposed this bill
Democratic/Liberal |
Labor Unions |
Consumer groups |
Contributions data source: OpenSecrets.org