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Customer Protection And End User Relief Act (H.R. 4413; 113th Congress)
The Customer Protection and End User Relief Act () was a bill that would have reauthorized the Commodity Futures Trading Commission through 2018 and amended some provisions of the Dodd–Frank Wall Street Reform and Consumer Protection Act. The bill was introduced into the United States House of Representatives during the 113th United States Congress. Provisions of the bill One provision of the bill was the inclusion of the provisions of , the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013. This previous bill dealt with "issues surrounding the indemnification provisions and confidentiality requirements of Dodd-Frank." Another provision of the bill was the inclusion of the Business Risk Mitigation and Price Stabilization Act of 2013 (), a bill that would exempt nonfinancial entities that enter into a Swap (finance), swap or a security-based swap transaction from meeting certain margin requirements when the transaction is designed to offset losses or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Lucas (Oklahoma)
Frank Dean Lucas (born January 6, 1960) is an American politician serving as the U.S. representative for since 2003, having previously represented the 6th district from 1994 to 2003. He is a member of the Republican Party and serves as the ranking minority member of the House Committee on Science, Space and Technology. His district, numbered as the 6th district from 1994 to 2003, is the largest congressional district in the state and one of the largest in the nation that does not cover an entire state. It covers 34,088.49 square miles and stretches from the Panhandle to the fringes of the Tulsa suburbs, covering almost half of the state's land mass. Lucas is the dean of Oklahoma's House delegation. United States House of Representatives Tenure On April 7, 2014, Lucas introduced the Customer Protection and End User Relief Act (H.R. 4413; 113th Congress) into the House. The bill would reauthorize the Commodity Futures Trading Commission through 2018 and amend some provisions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Risk Mitigation And Price Stabilization Act Of 2013
The Business Risk Mitigation and Price Stabilization Act of 2013 () is a bill that passed the United States House of Representatives during the 113th United States Congress. The bill would exempt nonfinancial entities that enter into a swap or a security-based swap transaction from meeting certain margin requirements when the transaction is designed to offset losses or gains in other investments. Provisions/elements of the bill H.R. 634 would exempt nonfinancial entities that enter into a swap or a security-based swap transaction from meeting certain margin requirements when the transaction is designed to offset losses or gains in other investments. (A swap is a contract that calls for an exchange of cash between two participants, based on an underlying rate or index or on the performance of an asset.) Both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are developing regulations relating to margin requirements (minimum amount ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Americans For Financial Reform
Americans for Financial Reform (AFR) is a progressive nonprofit organization which advocates for financial reform in the United States, including stricter regulation of Wall Street. AFR is a coalition of approximately 200 consumer, labor and special interest groups. Activities The group supported the passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act as well as the creation of the Consumer Financial Protection Bureau. AFR has received funding from the Democracy Alliance. During the Biden Administration, AFR has pushed for the appointment of progressives to federal office. The group praised the nomination of Saule Omarova to lead the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all nation ... (OCC). References {{nonprof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Roundtable
The Business Roundtable (BRT) is a nonprofit lobbyist association based in Washington, D.C. whose members are chief executive officers of major United States companies. Unlike the U.S. Chamber of Commerce, whose members are entire businesses, BRT members are exclusively CEOs. The BRT lobbies for public policy that is favorable to business interests, such as lowering corporate taxes in the United States and internationally, as well as international trade policy, like NAFTA. In 2019, BRT redefined its definition of the purpose of a corporation as participating in stakeholder capitalism, putting the interests of employees, customers, suppliers and communities on par with shareholders. BRT board members include, in 2021, chair Doug McMillon of Walmart, president and CEO, former White House Chief of Staff Joshua Bolten, Mary Barra of General Motors, Tim Cook of Apple, and Chuck Robbins of Cisco. History On October 13, 1972, the March Group, co-founded by Alcoa chairman John D. Harper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Depository Trust & Clearing Corporation
The Depository Trust & Clearing Corporation (DTCC) is an American Trade (financial instrument), post-trade financial services company providing clearing (financial), clearing and settlement (finance), settlement services to the financial markets. It performs the exchange of security (finance), securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities. DTCC was established in 1999 as a holding company to combine Depository Trust Company, The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). User-owned and directed, it automates, centralizes, standardizes, and streamlines processes in the capital markets. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal Bond (finance), bonds, unit investment trusts, government and mortgage-backed security, mortgage-backed securities, money market instruments, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voice Vote
In parliamentary procedure, a voice vote (from the Latin ''viva voce'', meaning "live voice") or acclamation is a voting method in deliberative assemblies (such as legislatures) in which a group vote is taken on a topic or motion by responding vocally. The voice vote is considered the simplest and quickest of voting methods used by deliberative assemblies. The presiding officer or chair of the assembly will put the question to the assembly, asking first for all those in favor of the motion to indicate so orally ("aye" or "yea"), and then ask second all those opposed to the motion to indicate so verbally ("no" or "nay"). The chair will then make an estimate of the count on each side and state what they believe the result to be. Voice votes have inherent disadvantages and the method has major shortfalls in close contests. The volume of the voices are typically only estimated and not actually measured with sound level meters, giving a chair enough plausible deniability to falsify ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unfunded Mandates Reform Act
The Unfunded Mandates Reform Act of 1995 (UMRA''(pdf)https://www.govinfo.gov/content/pkg/USCODE-1995-title2/html/USCODE-1995-title2-chap25.htm (text)] restricts the federal government of the United States, federal imposition of unfunded mandates on state, local and tribal governments in the United States. History UMRA was introduced on January 4, 1995, in the Senate by Dirk Kempthorne of Idaho as S. 1 to the Committees on the Budget and Governmental Affairs. It passed the full Senate on the 27th by a vote of 86 to 10; an identical version passed the House on February 1. It was signed into law by president Bill Clinton on March 22. Provisions The four titles of the Unfunded Mandates Reform Act are: Title I: Legislative Accountability and Reform. Any bill passed by committee must be submitted to the director of the Congressional Budget Office so that any federal mandates may be identified. No bill which contains any such mandate imposing a direct cost of more than fifty mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PAYGO
PAYGO (Pay As You GO) is the practice in the United States of financing expenditures with funds that are currently available rather than borrowed. Budgeting The PAYGO compels new spending or tax changes not to add to the federal debt. Not to be confused with pay-as-you-go financing, which is when a government saves up money to fund a specific project. Under the PAYGO rules, a new proposal must either be "budget neutral" or offset with savings derived from existing funds. The goal of this is to require those in control of the budget to engage in the diligence of prioritizing expenses and exercising fiscal restraint. An important example of such a system is the use of PAYGO in both the statutes of the U.S. Government and the rules in the U.S. Congress. First enacted as part of the Budget Enforcement Act of 1990 (which was incorporated as Title XIII of the Omnibus Budget Reconciliation Act of 1990), PAYGO required all increases in direct spending or revenue decreases to be offset by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Appropriations Bill (United States)
In the United States Congress, an appropriations bill is legislation to appropriate federal funds to specific federal government departments, agencies and programs. The money provides funding for operations, personnel, equipment and activities. Regular appropriations bills are passed annually, with the funding they provide covering one fiscal year. The ''fiscal year'' is the accounting period of the federal government, which runs from October 1 to September 30 of the following year. Appropriations bills are under the jurisdiction of the United States House Committee on Appropriations and the United States Senate Committee on Appropriations. Both Committees have twelve matching subcommittees, each tasked with working on one of the twelve annual regular appropriations bills. There are three types of appropriations bills: regular appropriations bills, continuing resolutions, and supplemental appropriations bills. Regular appropriations bills are the twelve standard bills that cove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Exchange Act
Commodity Exchange Act (ch. 545, , enacted June 15, 1936) is a federal act enacted in 1936 by the U.S. Government, with some of its provisions amending the Grain Futures Act of 1922. The Act provides federal regulation of all commodities and futures trading activities and requires all futures and commodity options to be traded on organized exchanges. In 1974, the Commodity Futures Trading Commission (CFTC) was created as a result of the Commodity Exchange Act, and in 1982 the National Futures Association (NFA) was created by CFTC. See also *Grain Futures Act *National Futures Association *Commodity Futures Trading Commission *Futures exchange *Futures contract *Commodity Futures Modernization Act of 2000 The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that ensured financial products known as over-the-counter (OTC) derivatives remained unregulated. It was signed into law on December 21, 2000 by President ... External links 7 U.S. Code ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Domain
The public domain (PD) consists of all the creative work A creative work is a manifestation of creative effort including fine artwork (sculpture, paintings, drawing, sketching, performance art), dance, writing (literature), filmmaking, and composition. Legal definitions Creative works require a cre ... to which no exclusive intellectual property rights apply. Those rights may have expired, been forfeited, expressly waived, or may be inapplicable. Because those rights have expired, anyone can legally use or reference those works without permission. As examples, the works of William Shakespeare, Ludwig van Beethoven, Leonardo da Vinci and Georges Méliès are in the public domain either by virtue of their having been created before copyright existed, or by their copyright term having expired. Some works are not covered by a country's copyright laws, and are therefore in the public domain; for example, in the United States, items excluded from copyright include the for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congressional Budget Office
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient, economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. There is a consensus among economists that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals." History The Congressional Budget Office was created by Title II of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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