/  H.R. 238—Commodity End-User Relief Act

H.R. 238 - Commodity End-User Relief Act

Bill Text

  • Rules Committee Print 115-2 PDF XML

    Showing the text of the bill as introduced.  
            ::  Section-by-Section Summary as provided by the Committee on Agriculture  PDF

  • Text of H.R. 238 PDF XML

    Commodity End-User Relief Act (as introduced)

Rule Information

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Tuesday, January 10, 2017.

FLOOR ACTION ON H. RES. 40: 

MANAGERS:Newhouse/Polis

1. Structured rule for H.R. 78.  

2. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services or their respective designees.  

3. Waives all points of order against consideration of the bill. 

4. Provides that the bill shall be considered as read.

5. Waives all points of order against provisions in the bill.   

6. Makes in order only those amendments printed in part A of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question. 

7. Waives all points of order against the amendments printed in part A of the report.

8. Provides one motion to recommit with or without instructions.  

9. Structured rule for H.R. 238. 

10. Provides one hour of general debate equally divided and controlled by the Majority Leader and the Minority Leader or their respective designees.     

11. Waives all points of order against consideration of the bill. 

12. Makes in order as original text for the purpose of amendment an amendment in the nature of a substitute consisting of the text of the Rules Committee Print 115-2, and provides that it shall be considered as read.  

13. Waives all points of order against that amendment in the nature of a substitute.  

14. Makes in order only those amendments printed in part B of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

15. Waives all points of order against the amendments printed in part B of the report.    

16. Provides one motion to recommit with or without instructions. 

17. Section 3 provides that on any legislative day during the period from January 16, 2017, through January 20, 2017: the Journal of the proceedings of the previous day shall be considered as approved; and the Chair may at any time declare the House adjourned to meet at a date and time to be announced by the Chair in declaring the adjournment.

18. Section 4 provides that the Speaker may appoint Members to perform the duties of the Chair for the duration of the period addressed by section 3. 

19. Section 5 provides that it shall be in order at any time on the legislative day of January 13, 2017, for the Speaker to entertain motions that the House suspend the rules as though under clause 1 of rule XV, and that the Speaker or his designee shall consult with the Minority Leader or her designee on the designation of any matter for consideration pursuant to this section. 

Amendments

#Version #Sponsor(s)PartySummaryStatus
2Version 2Aderholt (AL)RepublicanRevised Amends the Commodity Exchange Act to give the Commodity Futures Trading Commission authority to designate other agencies to manage its leases.Made In Order
5Version 1Conaway (TX)RepublicanMakes clear Congress’s intent that the Commission may impose and implement position limits as it finds necessary, provided the Commission makes a finding prior to imposing such limits. It makes no changes to the longstanding federal position limits regime for the enumerated agricultural commodities or the existing statutory requirements that Designated Contract Markets impose position limits or accountability levels on all contracts.Made In Order
6Version 1Conaway (TX)RepublicanMakes technical and conforming changes.Made In Order
9Version 1Conaway (TX)RepublicanLate Withdrawn Fixes the rate of compensation for employees of the Commodity Futures Trading Commission as the rate set by the Commission and exempts compensation from any collective bargaining agreement, similar to all other financial regulators.Withdrawn
8Version 1Duffy (WI), Scott, David (GA)Bi-PartisanProhibits the CFTC from compelling the production of algorithmic trading source code and similar intellectual property unless it has issued a subpoena. Made In Order
3Version 1Hartzler (MO)RepublicanRevised Delays implementation of the CFTC Ownership and Control Reports Rule until the Chairman determines the rule has been amended by adjusting reporting trading volume levels to 300 contracts per day, removing the requirements for natural person controller data, and ensuring the rule does not require entities to violate foreign privacy laws. Made In Order
1Version 1LaMalfa (CA)RepublicanPrevents a situation in which an end-user loses its ability to rely on the end-user exception to the clearing requirement due simply to the positive performance of transactions entered into solely to mitigate the prospect of falling revenues and asset values.Made In Order
7Version 1Lucas (OK)RepublicanExempts all inter-affiliate transactions from being regulated as “swaps” under the Dodd-Frank related provisions of the Commodity Exchange Act (“CEA”) and Commodity Futures Trading Commission (“CFTC”) regulations promulgated thereunder. Made In Order
4Version 1Scott, Austin (GA)RepublicanReforms the Customer Protection Fund at the CFTC to amend the size of the fund, annual expenditures from the fund and return excess balance to the Treasury. Made In Order

Committee Votes

Rules Committee Record Vote No. 8

Motion by Mr. McGovern to report open rules for H.R. 78 and H.R. 238. Defeated: 4–8

Majority MemberVote
Mr. ColeNay
Mr. WoodallNay
Mr. BurgessNay
Mr. CollinsNo Vote
Mr. ByrneNay
Mr. NewhouseNay
Mr. BuckNay
Ms. CheneyNay
Mr. Sessions, ChairmanNay
Minority MemberVote
Ms. SlaughterYea
Mr. McGovernYea
Mr. HastingsYea
Mr. PolisYea