H.R. 1341: Financial Competitive Act of 2013

Introduced:
Mar 21, 2013
Status:
Passed House
Prognosis
7% chance of being enacted
Track this bill
Sponsor
Stephen Fincher
Representative for Tennessee's 8th congressional district
Party
Republican
Text
Read Text »
Last Updated
Jul 09, 2013
Length
4 pages
 
Status

This bill passed in the House on July 8, 2013 and goes to the Senate next for consideration.

Progress
Introduced Mar 21, 2013
Referred to Committee Mar 21, 2013
Reported by Committee May 07, 2013
Passed House Jul 08, 2013
Passed Senate ...
Signed by the President ...
Prognosis

7% chance of being enacted.

Only about 23% of bills that made it past committee in 2011–2013 were enacted. [show factors | methodology]

 
Full Title

To require the Financial Stability Oversight Council to conduct a study of the likely effects of the differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement.

Summary

No summaries available.

Votes
On Motion to Suspend the Rules and Pass, as Amended
Jul 08, 2013 6:53 p.m.
Passed 353/24

Cosponsors
4 cosponsors (3R, 1D) (show)
Committees

House Agriculture

General Farm Commodities and Risk Management

House Financial Services

Capital Markets and Government Sponsored Enterprises

Senate Banking, Housing, and Urban Affairs

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


7/8/2013--Passed House amended.
Financial Competitive Act of 2013 - Directs the Financial Stability Oversight Council (FSOC) to study and report to Congress on the likely effects that differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement would have upon: (1) U.S. financial institutions that conduct derivatives transactions and participate in derivatives markets, (2) end users of derivatives, and (3) international derivatives markets.
Requires the study to recommend steps Congress and the constituent agencies of the FSOC should take to: (1) minimize any expected negative effects on U.S. financial institutions, derivatives markets, and end users; (2) encourage greater international consistency in implementation of internationally agreed capital, liquidity, and other prudential standards; and (3) ensure that the FSOC fulfills its statutory mandate to identify risks and respond to emerging threats to financial stability.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 1341 with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus