Rep. Frank Lucas, Chairman of the House Agriculture Committee, today issued a statement in response to the Commodity Futures Trading Commission's (CFTC) surprise "advisory notice" to further regulate cross-border swaps.
H.R. 634, the Business Risk Mitigation and Price Stabilization Act of 2013
To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes.
Reps. Michael Grimm (R-NY), Gary Peters (D-MI), Austin Scott (R-GA), and Mike McIntyre (D-NC)
Introduced to the U.S. House of Representatives on February 13, 2013
Ordered reported by voice vote on March 20, 2013