Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   

Agricultural News


Ag Committee Approves Bipartisan Legislation to Tweak Dodd-Frank Act

Wed, 20 Mar 2013 14:59:22 CDT

Ag Committee Approves Bipartisan Legislation to Tweak Dodd-Frank Act
The House Agriculture Committee approved seven legislative proposals amending Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bills are the culmination of the committee's oversight efforts of the Commodity Futures Trading Commission (CFTC) as it writes rules for Dodd-Frank. All but one of the bills advanced on a voice vote. H.R. 992, the Swaps Regulatory Improvement Act, was approved by a vote of 31-14.


"I appreciate the bipartisan leadership of my colleagues on the bills that advanced today. Our effort is to ensure that America's job creators - our farmers, ranchers, small businesses, government utilities, and manufacturers - are not overburdened by financial regulations. Without these important changes, regulations could deter businesses from hedging against risk, which is contrary to the purpose of financial regulatory reform," said Chairman Frank Lucas.


The bills include the following:

H.R. 634, the Business Risk Mitigation and Price Stabilization Act, ensures that end-users can continue to use derivatives to manage business risks without being subject to costly margin requirements.

H.R. 677, the Inter-Affiliate Swap Clarification Act, ensures that transactions between affiliates within a single corporate group are not regulated as swaps.

H.R. 742, the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013, would allow data sharing between U.S. and international regulators and swap data repositories without adding an unnecessary layer of legal bureaucracy.

H.R. 992, the Swaps Regulatory Improvement Act, amends Section 716 of the Dodd-Frank Act to limit the swap desk push-out requirement so that it only applies to certain swaps based on certain asset-backed securities and does not disadvantage U.S. institutions compared to their international counterparts who have no similar restrictions.

H.R. 1003 would require the CFTC to assess the costs and benefits of its actions.

H.R. 1038, the Public Power Risk Management Act, would allow producers, utility companies, and other non-financial entities to continue entering into energy swaps with government-owned utilities without danger of being required to register with the CFTC as a swap dealer.

H.R. 1256, the Swap Jurisdiction Certainty Act, would direct the CFTC and the Securities and Exchange Commission to adopt a joint rule on how they will regulate cross-border swaps transactions as part of the new requirements created in the Dodd-Frank Act.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • CAB's Clint Walenciak Talks About How High-Quality Beef Shines in the Export Markets   Tue, 18 Jun 2019 18:21:35 CDT
  • OSU's Glenn Selk Talks About Scheduling "Preg" Check for Replacement Heifers Now  Tue, 18 Jun 2019 18:03:54 CDT
  • Steer and Heifer Calves Lightly Tested on Comparable Offerings for an Accurate Trend with a Much Lower Undertone Tuesday at OKC West Livestock Auction  Tue, 18 Jun 2019 17:43:46 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, June 18, 2019  Tue, 18 Jun 2019 17:22:48 CDT
  • New CoBank Report Indicates US Poultry Sector Well Positioned to Withstand Profitability Pressure  Tue, 18 Jun 2019 14:15:44 CDT
  • Tuesday Market Wrap-Up with Justin Lewis   Tue, 18 Jun 2019 14:14:54 CDT
  • Tuesday Afternoon Market Wrap-Up with Carson Horn   Tue, 18 Jun 2019 14:13:47 CDT
  • Fourteen College Students Selected as Interns to Join Noble Researchers in Ardmore and Learn By Their Side  Tue, 18 Jun 2019 12:08:48 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.