This week, the House is expected to consider 11 bills, ranging from land management to financial services.
Legislation under consideration this week includes:
South Utah Valley Electric Conveyance Act (H.R. 251): conveys all federal rights, titles and interests of the entire electrical distribution system of the Strawberry Valley Project to the South Utah Valley Electric Service District.
Fruit Heights Land Conveyance Act (H.R. 993): conveys 100 acres of National Forest System land to the city of Fruit Heights, Utah, which the city must use for public purposes.
Rattlesnake Mountain Public Access Act (H.R. 1157): instructs the Interior Department to provide public access to the 3,600-foot summit of Rattlesnake Mountain in the Hanford Reach National Monument in Washington for educational, recreational, historical, scientific, cultural and other purposes.
North Cascades National Park Service Complex Fish Stocking Act (H.R. 1158): directs the Interior Department to authorize the stocking of fish in lakes in the North Cascades National Park, Ross Lake National Recreation Area and Lake Chelan National Recreation Area in Washington.
Wood–Pawcatuck Watershed Protection Act (H.R. 723): directs the National Park Service to study roughly 86 miles of the Beaver, Chipuxet, Queen, Wood and Pawcatuck rivers in Connecticut and Rhode Island for potential addition to the National Wild and Scenic Rivers System.
Business Risk Mitigation and Price Stabilization Act of 2013 (H.R. 634): exempt end-users that use derivative’s to hedge business risks from meeting certain margin requirements.
Reverse Mortgage Stabilization Act of 2013 (H.R. 2167): authorizes the Department of Housing and Urban Development to establish additional or alternative requirements that it determines are needed to improve the fiscal soundness of the Federal Housing Administration's reverse mortgage insurance program for elderly homeowners.
Swap Data Repository and Clearing House Indemnification Correction Act of 2013 (H.R. 742): eliminates an indemnification requirement for U.S. and non-U.S. agencies requesting information about swaps transactions reported to the Commodity Futures Trading Commission or the Securities and Exchange Commission.
Public Power Risk Management Act of 2013 (H.R. 1038): clarifies that for CFTC regulation thresholds, swap dealers’ transactions with government-owned utilities (including non-energy-related swaps) will count toward the higher $3 billion annual swap dealing threshold, not the lower $25 million threshold for swap-dealing with a special entity, thereby making it easier for firms to enter into hedging arrangements with public utilities without being regulated as a swap dealer.
Swap Jurisdiction Certainty Act (H.R. 1256): requires the SEC and CFTC to jointly issue rules relating to swaps transacted between U.S. persons and non-U.S. persons. The bill would also exempt a non-U.S. person in compliance with the swaps regulatory requirements of a G20 member nation from U.S. swaps requirements unless the SEC and CFTC jointly determine that the regulatory requirements are not “broadly equivalent” to U.S. swaps requirements.
National Defense Authorization Act for Fiscal Year 2014 (H.R. 1960): authorizes $638.4 billion for discretionary and mandatory defense programs in FY 2014 - $5 billion more than the president's request and approximately $10 billion less than the authorization under current law.