---
kind: "diff"
citation: "H.R. 634"
bill: "113-hr-634"
heading: "Business Risk Mitigation and Price Stabilization Act of 2013"
from: "rh"
from_label: "Reported in House"
to: "eh"
to_label: "Engrossed in House"
sections_amended: 1
sections_added: 0
sections_removed: 0
url: "https://uscodex.org/bills/113/hr/634/changes/eh"
---

# H.R. 634 — what changed

H.R. 634, Business Risk Mitigation and Price Stabilization Act of 2013 — 1 section amended between Reported in House and Engrossed in House.

Edits are marked `<del>struck</del>` and `<ins>inserted</ins>`.

## Sec. 2 Margin requirements

- (a) Commodity Exchange Act amendment— Section 4s(e) of the Commodity Exchange Act (7 U.S.C. 6s(e)), as added by section 731 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is amended by adding at the end the following new paragraph:
  - “(4) Applicability with respect to counterparties—The requirements of paragraphs (2)(A)(ii) and <del>(2)(B)(ii) </del><ins>(2)(B)(ii), including the initial and variation margin requirements imposed by rules adopted pursuant to paragraphs (2)(A)(ii) and (2)(B)(ii), </ins>shall not apply to a swap in which a counterparty qualifies for an exception under section <del>2(h)(7)(A) </del><ins>2(h)(7)(A), or an exemption issued under section 4(c)(1) from the requirements of section 2(h)(1)(A) for cooperative entities as defined in such exemption, </ins>or satisfies the criteria in section 2(h)(7)(D).”
- (b) Securities Exchange Act amendment— Section 15F(e) of the Securities Exchange Act of 1934 (15 U.S.C. 78o–10(e)), as added by section 764(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is amended by adding at the end the following new paragraph:
  - “(4) Applicability with respect to counterparties—The requirements of paragraphs (2)(A)(ii) and (2)(B)(ii) shall not apply to a security-based swap in which a counterparty qualifies for an exception under section 3C(g)(1) or satisfies the criteria in section 3C(g)(4).”