/  H.R. 1256—Swap Jurisdiction Certainty Act

H.R. 1256 - Swap Jurisdiction Certainty Act

Bill Text

  • Text of H.R. 1256 PDF XML

    Swap Jurisdiction Certainty Act

  • H. Rept. 113-103 Part 1 PDF XML

    Report from the Committee on Financial Services 

  • H. Rept. 113-103 Part 2 PDF XML

    Report from the Committee on Agriculture

Rule Information

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Tuesday, June 11, 2013.

FLOOR ACTION ON H. RES. 256: 
Agreed to by record vote of 239-184 on Wednesday, June 12, 2013. 

MANAGERS: Nugent/McGovern

1. General debate rule for H.R. 1960.

2. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Armed Services.

3. Waives all points of order against consideration of the bill.

4. Provides that no further consideration of the bill shall be in order except pursuant to a subsequent order of the House.

5. Closed rule for H.R. 1256.

6. Provides one hour of debate, with 40 minutes equally divided and controlled byte the chair and ranking minority member of the Committee on Financial Services and 20 minutes equally divided and controlled by the chair and ranking minority ember of the Committee on Agriculture.

7. Waives all pints of order against consideration of the bill.

8. Provides that the amendments recommended by the Committee on Financial Services now printed int he bill shall be considered as adopted and the bill, as amended, shall be considered as read.

9. Waives all points of order against provisions in the bill, as amended.

10. Provides one motion to recommit with or without instructions.

11. Section 3 provides that the chair of the Committee on Agriculture is authorized, on behalf of the committee, to file a supplemental report to accompany H.R. 1947.

Amendments

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#Version #Sponsor(s)PartySummaryStatus
1Version 1Lynch (MA)DemocratEnsures that no foreign jurisdiction's regulatory regime will count for substituted compliance unless it is as protective of the American taxpayer as the U.S. swaps regulatory regime.Submitted
2Version 1Waters (CA), Kildee (MI)DemocratReverses the presumption in the bill that the nine largest swaps jurisdictions have broadly equivalent swaps rules to the US regulatory regime. The amendment requires US swaps regulators to determine which jurisdictions have broadly equivalent rules within a specified period of time, as well as permits market participants to petition the regulators to determine whether particular foreign swaps rules are broadly equivalent to US rules.Submitted