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H.R. 1038: Public Power Risk Management Act of 2013

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H.R. 1038: Public Power Risk Management Act of 2013

113th Congress · introduced 2013-03-11 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2013-03-11 · official record
  2. Who proposed it: Rep. LaMalfa, Doug [R-CA-1] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 219 (2013): On Motion to Suspend the Rules and Pass, HR1038 (2013-06-12), Passed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Public Power Risk Management Act of 2013

Plain summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Public Power Risk Management Act of 2013 - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC), when it determines whether to provide an exemption to designation as a swap dealer, to treat a utility operations-related swap entered into with a utility special entity as if such swap were entered into with an entity that is not a special entity. (Thus exempts an entity entering into a utility operations-related swap with a utility special entity from mandatory registration as a swap dealer.) Requires transactions in utility operations-related swaps to be reported according to requirements for the reporting of uncleared swaps. Defines "utility special entity" as a special entity, or any instrumentality, department, or corporation of or established by a state or local government, that: (1) owns or operates an electric or natural gas facility or an electric or natural gas operation; (2) supplies natural gas or electric energy to another utility special entity; (3) has public service obligations under federal, state, or local law or regulation to deliver electric energy or natural gas service to customers; or (4) is a federal power marketing agency. Redefines swap to include a utility operations-related swap. Defines "utility operations-related swap" as one that: (1) is entered into to hedge or mitigate commercial risk; (2) is associated with specified transactions in electric energy or natural gas; and (3) is not a contract, agreement, or transaction based on, derived on, or referencing an interest rate, credit, equity, or currency asset class; or a metal, agricultural commodity, or crude oil or gasoline commodity of any grade, except as used as fuel for electric energy generation.

Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Public Power Risk Management Act of 2013

Source: Congressional Research Service summary (Passed House without amendment)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. LaMalfa, Doug [R-CA-1] · 42 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Jim Costa (D-CA), John Garamendi (D-CA), Juan Vargas (D-CA), Austin Scott (R-GA), Suzan K. DelBene (D-WA), Eric A. "Rick" Crawford (R-AR), Brad Sherman (D-CA), Tom McClintock (R-CA), Doris O. Matsui (D-CA), Linda T. Sánchez (D-CA), Jared Huffman (D-CA), Mark Takano (D-CA), Judy Chu (D-CA), Adam B. Schiff (D-CA), Richard Hudson (R-NC)

Recorded votes

Words on this page, explained (3)
Exemption
A rule that removes certain people, property or activities from a tax or requirement.
Obligation
A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong113-hr1038 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113