#aacth ,,congress  #ast ,session  ,h4   
,r4 #fcd  ,,an ,,act  ,to provide end   
user exemptions from certain provisions 
of the ,commodity ,exchange ,act and the
 ,securities ,exchange ,act of #aicd1   
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,business ,risk ,mitigation and ,price  
,stabilization ,act of #bjac4  #b4      
,margin requirements  7a7 ,commodity    
,exchange ,act amendment ,section #ds7e7
 of the ,commodity ,exchange ,act 7#g   
,u4,s4,c4 #fs7e771 as added by section  
#gca of the ,dodd-,frank ,wall ,street  
,reform and ,consumer ,protection ,act1 
is amended by adding at the end the     
following new paragraph3  7#d7          
,applicability with respect to          
counterparties ,the requirements of     
paragraphs 7#b77;,a77ii7 and            
7#b77;,b77ii71 including the initial and
 variation margin requirements imposed  
by rules adopted pursuant to paragraphs 
7#b77;,a77ii7 and 7#b77;,b77ii71 shall  
not apply to a swap in which a          

counterparty qualifies for an exception 
under section #b7;h77#g77;,a71 or an    
exemption issued under section          
#d7;c77#a7 from the requirements of     
section #b7;h77#a77;,a7 for cooperative 
entities as defined in such exemption1  
or satisfies the criteria in section    
#b7;h77#g77;,d74  4  7b7 ,securities    
,exchange ,act amendment ,section       
#ae;,f7e7 of the ,securities ,exchange  
,act of #aicd 7#ae ,u4,s4,c4            
#gho-#aj7;e771 as added by section      
#gfd7;a7 of the ,dodd-,frank ,wall      
,street ,reform and ,consumer           
,protection ,act1 is amended by adding  
at the end the following new paragraph3 
7#d7 ,applicability with respect to     
counterparties ,the requirements of     
paragraphs 7#b77;,a77ii7 and            
7#b77;,b77ii7 shall not apply to a      
security-based swap in which a          
counterparty qualifies for an exception 
under section #c;,c7g77#a7 or satisfies 
the criteria in section #c;,c7g77#d74  4
  #c4 ,implementation ,the amendments   

made by this ,act to the ,commodity     
,exchange ,act shall be implemented--   
7#a7 without regard to--  7,a7 chapter  
#ce of title #dd1 ,united ,states ,code2
 and  7,b7 the notice and comment       
provisions of section #eec of title #e1 
,united ,states ,code2  7#b7 through the
 promulgation of an interim final rule1 
pursuant to which public comment will be
 sought before a final rule is issued2  
and  7#c7 such that paragraph 7#a7 shall
 apply solely to changes to rules and   
regulations1 or proposed rules and      
regulations1 that are limited to and    
directly a consequence of such          
amendments4  ,passed the ,house of      
,representatives ,june #ab1             
#bjac4;,clerk4