H.R. 992: Swaps Regulatory Improvement Act
Sponsor: Rep Hultgren, Randy [IL-14] (introduced 3/6/2013) Cosponsors (8)
Related Bills: H.RES.391, S.474
Previous Rule Votes
Floor Action: House votes for bipartisan change to Dodd-Frank on bank swaps
A bipartisan tweak to the Dodd-Frank financial reform law passed the House Wednesday, one that would give banks more flexibility to use complex financial instruments known as swaps to hedge risk.
The House passed the Swaps Regulatory Improvement Act, H.R. 992, in a 292-122 vote that saw 70 Democrats join all but three Republicans. Republicans voting against it were Reps. John Duncan (Tenn.), Walter Jones (N.C.), and Thomas Massie (Ky.).