/  H.R. 1960 - NDAA (General Debate) & H.R. 1256 - Swap Jurisdiction Certainty Act

H.R. 1960 - NDAA (General Debate) & H.R. 1256 - Swap Jurisdiction Certainty Act

Summary

H.R. 1960:  Authorizes appropriations for military activities of the Department of Defense, military construction, and to prescribe military personnel strengths for fiscal year 2014. 

H.R. 1256: Directs the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) 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.

Type of Rule

 

 The rule provides General Debate for consideration of H.R. 1960 and a Closed rule for consideration of H.R. 1256. Reported by voice vote.  

 

Other Elements of the Rule

Debate Time - H.R. 1960: Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Armed Services.

Debate Time - H.R. 1256: Provides one hour of debate, with 40 minutes equally divided and controlled by 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 member of the Committee on Agriculture. 

Provides one motion to recommit with or without instructions.  

Floor managers: Nugent/McGovern

Floor Action Expected

The rule and the bills will be considered on the floor: June 12-14, 2013.