H.R. 742: Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013

Introduced:
Feb 15, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. Eric “Rick” Crawford [R-AR1]
Status:
Reported by Committee

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on March 20, 2013.

Progress
Introduced Feb 15, 2013
Referred to Committee Feb 15, 2013
Reported by Committee Mar 20, 2013
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

22% chance of being enacted.

Only 28% of House bills that made it past committee in 2011–2013 were enacted. [show factors | methodology]

Cosponsors
11 cosponsors (8D, 3R) (show)
Committees

House Agriculture

House Financial Services

↪ Capital Markets and Government Sponsored Enterprises

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Securities Exchange Act of 1934 and the Commodity Exchange Act to repeal the indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entities under such Acts.

Summary

No summaries available.

Text

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Last updated Feb 15, 2013.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/15/2013--Introduced.
Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013 - Amends the Commodity Exchange Act, with respect to derivatives clearing organizations and swap data repositories, to repeal the prerequisite that, before the Commodity Futures Trading Commission (CFTC) may share information with specified regulatory agencies, such agencies must agree to indemnify the CFTC for expenses arising from litigation relating to information so provided.
Amends the Securities Exchange Act of 1934 to repeal similarly the prerequisite that, before a security-based swap data repository may share information with specified regulatory entities, such entities must agree to indemnify both such repository and the Securities and Exchange Commission (SEC) for expenses arising from litigation relating to information so provided.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

Slip Laws

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United States Code

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