H.R. 1256 - Swap Jurisdiction Certainty Act

Swap Jurisdiction Certainty Act

H.R. 1256 — 113^th 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

• John C. Carney Jr.
• K. Michael Conaway
• David Scott

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 (113^th) : A Bill to Assist the Secretary of Housing and Urban Development in Stabilizing the Home Equity Conversion Mortgage Program.
• H.Res. 256 (113^th) : 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 (113^th) : Customer Protection and End User Relief Act

Major Actions

Introduced	3/19/2013
Referred to Committee
Passed House	6/12/2013

Bill History

• All Votes
• All Actions
• Amendments

	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 voting
currently 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 voting

	Action	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