HR 2682 · 112th Congress · Finance and Financial Sector

Business Risk Mitigation and Price Stabilization Act of 2012

Introduced 2011-07-28· Sponsored by Rep. Grimm, Michael G. [R-NY-13]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 342.(2012-03-28)

Recorded Votes

PassedHouse · 2012-03-26
Roll #128
Yea 370Nay 24
Democrats
146 Yea·24 Nay
Republicans
224 Yea·0 Nay
PassedHouse · 2012-03-26
Roll #128
Yea 370Nay 24
Democrats
146 Yea·24 Nay
Republicans
224 Yea·0 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Business Risk Mitigation and Price Stabilization Act of 2011 - Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC). Amends the Securities Exchange Act of 1934, with respect to registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization any security-based swap in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 2682, Business Risk Mitigation and Price Stabilization Act of 2011

Dec 22, 2011

Cost estimate for the bill as sordered reported by the House Committee on Financial Services on November 30, 2011

Full CBO report ↗

H.R. 2682, Business Risk Mitigation and Price Stabilization Act of 2012

Feb 19, 2012

Cost estimate for the bill as ordered reported by the House Committee on Agriculture on January 25, 2012

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (7)

4 Democrats3 Republicans