H.Amdt. 949House113th Congress (2013-2015)

Amendment inserts language stating that a court shall affirm the CFTC's assessment of the costs and benefits of a rule and provides an exception in the case of an abuse of discretion by the Commission.

What it does: 2 changes: replaces text, inserts text
Submitted June 23, 2014

Description

An amendment No. 3 printed in House Report 113-476 to ensure that the Commission's assessment of costs and benefits regarding rules and orders will be affirmed by a court unless that assessment is found to be an abuse of discretion.

What it changes

2 changes to H.R. 4413

Replaces textInserts text

We couldn't read part of this amendment. That part is shown as written below.

  1. Change 1: Rewrites page 11, lines 5–7

    ReplacesPrinted page

    Removes page 11, lines 5–7 of the printed bill. See that page

    Inserted: Section 15(a) of the Commodity Exchange Act (7 U.S.C. 19(a)) is amended--

    Inserted: (1) by striking paragraphs (1) and (2) and inserting the following:

    Original wording

    Page 11, strike lines 5 through 7 and insert the following:

  2. Change 2: Inserts new text on page 12, line 22

    Inserted: (2) by adding at the end the following:

    Inserted: "(4) Judicial review.--Notwithstanding section 24(d), a court shall affirm a Commission assessment of costs and benefits under this subsection, unless the court finds the assessment to be an abuse of discretion.".

    Original wording

    Page 12, after line 22, insert the following:

Shown as written

Page 12, line 22, strike the last period and insert “; and”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed

Page 11, strike lines 5 through 7 and insert the following:

Section 15(a) of the Commodity Exchange Act (7 U.S.C. 19(a)) is amended--

(1) by striking paragraphs (1) and (2) and inserting the following:

Page 12, line 22, strike the last period and insert “; and”.

Page 12, after line 22, insert the following:

(2) by adding at the end the following:

“(4) Judicial review.--Notwithstanding section 24(d), a court shall affirm a Commission assessment of costs and benefits under this subsection, unless the court finds the assessment to be an abuse of discretion.”.

Legislative Activity

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5 earlier actions
Floor Latest Action

House amendment offered

June 23, 2014

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Floor

House amendment offered

June 23, 2014

Not Used

House amendment offered/reported by: Amendment (A003) offered by Ms. DelBene.(consideration: CR H5631; text: CR H5631)

June 23, 2014 • 8:15 PM

Not Used

Amendment agreed to Committee of the Whole

June 23, 2014 • 8:19 PM

Floor

House amendment agreed to: On agreeing to the DelBene amendment (A003) Agreed to by voice vote.

June 23, 2014 • 8:19 PM

Floor

Amendment (A003) offered by Ms. DelBene. (consideration: CR H5631; text: CR H5631)

June 23, 2014 • 8:15 PM

Floor

On agreeing to the DelBene amendment (A003) Agreed to by voice vote.

June 23, 2014 • 8:19 PM