To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jan 8, 2016

This bill amends the Commodity Exchange Act to exclude from the meaning of "financial entity," and so exempt from swap clearing requirements, the bank holding company or savings and loan holding company of a small bank or savings association (whose total assets are $10 billion or less) if the total consolidated assets of the holding company are no greater than that asset threshold.

Read the summary on Congress.gov

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People & committees

Who introduced it

Rep. Emmer, Tom [R-MN-6] · R–MN

Committees

Agriculture Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Jan 22, 2016
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Jan 8, 2016
Referred to the House Committee on Agriculture.
Jan 8, 2016
Introduced in House
Jan 8, 2016
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jan 8, 2016 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 2289 · Commodity End-User Relief Act

Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze H.R.4353 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.4353, 114th Congress: To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.

Official record: https://www.congress.gov/bill/114th-congress/house-bill/4353

Text version to examine: Introduced in House · 2016-01-08.

Official full text: https://www.congress.gov/114/bills/hr4353/BILLS-114hr4353ih.htm

Imported record last updated by the source: 2025-04-07T14:53:47Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.4353 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.4353 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.4353, 114th Congress: To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.

Official record: https://www.congress.gov/bill/114th-congress/house-bill/4353

Text version to examine: Introduced in House · 2016-01-08.

Official full text: https://www.congress.gov/114/bills/hr4353/BILLS-114hr4353ih.htm

Imported record last updated by the source: 2025-04-07T14:53:47Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4353 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.4353 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.4353, 114th Congress: To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.

Official record: https://www.congress.gov/bill/114th-congress/house-bill/4353

Text version to examine: Introduced in House · 2016-01-08.

Official full text: https://www.congress.gov/114/bills/hr4353/BILLS-114hr4353ih.htm

Imported record last updated by the source: 2025-04-07T14:53:47Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4353 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.4353 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.4353, 114th Congress: To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.

Official record: https://www.congress.gov/bill/114th-congress/house-bill/4353

Text version to examine: Introduced in House · 2016-01-08.

Official full text: https://www.congress.gov/114/bills/hr4353/BILLS-114hr4353ih.htm

Imported record last updated by the source: 2025-04-07T14:53:47Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.4353 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.