skip to main content

H.R. 2682 (112th): Business Risk Mitigation and Price Stabilization Act of 2012

The text of the bill below is as of Jul 28, 2011 (Introduced).


I

112th CONGRESS

1st Session

H. R. 2682

IN THE HOUSE OF REPRESENTATIVES

July 28, 2011

(for himself, Mr. Peters, Mr. Austin Scott of Georgia, and Mr. Owens) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes.

1.

Short title

This Act may be cited as the Business Risk Mitigation and Price Stabilization Act of 2011.

2.

Margin requirements

(a)

Commodity Exchange Act amendment

Section 4s(e) of the Commodity Exchange Act (7 U.S.C. 6s(e)), as added by section 731 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is amended by adding at the end the following new paragraph:

(4)

Applicability with respect to counterparties

The requirements of paragraphs (2)(A)(ii) and (2)(B)(ii) shall not apply to a swap in which one of the counterparties to the swap is not a financial entity as described in section 2(h)(7)(C), and such counterparty is eligible for the exception under section 2(h)(7)(A).

.

(b)

Securities Exchange Act amendment

Section 15F(e) of the Securities Exchange Act of 1934 (15 U.S.C. 78o–10(e)), as added by section 764(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is amended by adding at the end the following new paragraph:

(4)

Applicability with respect to counterparties

The requirements of paragraphs (2)(A)(ii) and (2)(B)(ii) shall not apply to a security-based swap in which one of the counterparties to the security-based swap is not a financial entity as described in section 3C(g)(3), and such counterparty is eligible for the exception under section 3C(g)(1).

.