H.R. 1317, legislation to amend the Commodity Exchange Act and the Securities Exchange Act of 1939

Amendment in the Nature of a Substitute

Description
H.R. 1317 would amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to specify how clearing requirements apply to certain affiliate transactions. It would extend the end-user clearing relief to Centralized Treasury Units (CTU) that are operating as principals in managing the business risks arising from business activity that would otherwise qualify for the end-user clearing exemption, if it were hedged directly into the market. 

Sponsors
Introduced by Rep. Gwen Moore (D-WI-4) and cosponsored by Reps. Chris Gibson (NY-19), Marcia Fudge (D-OH-11), and Steve Stivers (OH-15)

Status
Introduced on March 4, 2015 and referred to the House Committee on Financial Services and Committee on Agriculture. On July 29, 2015 the House Financial Services Committee amended the bill and ordered it reported by a vote of 57-0.  Passed the House Agriculture Committee on September 30, 2015. Passed the House floor (voice vote) on November 16, 2015. Received in the Senate and referred to the Senate Agriculture, Nutrition and Forestry Committee on November 17, 2015.

Related News
House Agriculture Committee approves amendment to H.R. 1317

Chairman Conaway's opening statement