HR 992 - Swaps Regulatory Improvement Act - National Key Vote
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Kyrsten Sinema voted Yea (Passage) on this Legislation.
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Read statements Kyrsten Sinema made in this general time period.
Timeline
- Referred to Committee
- Oct. 31, 2013
- House Bill Passed
- Oct. 30, 2013
- Introduced
- March 6, 2013
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Stage Details
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Title: Swaps Regulatory Improvement Act
Vote Smart's Synopsis:
Vote to pass a bill that amends the Dodd-Frank Wall Street Reform and Consumer Protection Act by exempting certain covered depository institutions from the prohibition on federal government financial assistance for swap entities.
Highlights:
- Authorizes a covered depository institution to receive federal assistance if the institution limits its swap and security-based swap activities to hedging and similar risk activities, non-structured finance swap activities, and certain structured finance swap activities for hedging or risk management (Sec. 2).
- Defines “covered depository institution” as an insured depository institution and a United States uninsured branch or agency of a foreign bank (Sec. 2).
- Defines “structured finance swap” as a swap or security-based swap based on an asset-backed security (Sec. 3).
- Requires the asset-backed security of a structured finance swap to be of credit quality and to adhere to the rules which the prudential regulators have jointly adopted authorizing swap or security-based swap activity (Sec. 2).
Title: Swaps Regulatory Improvement Act