#aac? ,,congress  #a/ ,session  ,h4 ,r4 
#fcd  ,,an ,,act  ,to provide end us]   
exemptions f c]ta9 provisions ( !       
,commodity ,ex*ange ,act & ! ,securities
 ,ex*ange ,act ( #aicd1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,bus9ess ,risk ,mitigation 
& ,price ,/abilization ,act ( #bjac4    
#b4 ,m>g9 requirem5ts  7a7 ,commodity   
,ex*ange ,act am5dm5t ,section #ds7e7 ( 
! ,commodity ,ex*ange ,act 7#g ,u4,s4,c4
 #fs7e771 z add$ by section #gca ( !    
,dodd-,frank ,wall ,/reet ,re=m &       
,consum] ,protection ,act1 is am5d$ by  
add+ at ! end ! foll[+ new p>agraph3    
7#d7 ,applicability ) respect to        
c\nt]p>ties ,! requirem5ts ( p>agraphs  
7#b77;,a77ii7 & 7#b77;,b77ii71 includ+ !
 initial & v>iation m>g9 requirem5ts    
impos$ by rules adopt$ pursuant to      
p>agraphs 7#b77;,a77ii7 & 7#b77;,b77ii71
 %all n apply to a swap 9 :i* a         
c\nt]p>ty qualifies = an exception "u   
section #b7;h77#g77;,a71 or an exemption
 issu$ "u section #d7;c77#a7 f !        

requirem5ts ( section #b7;h77#a77;,a7 = 
coop]ative entities z def9$ 9 su*       
exemption1 or satisfies ! crit]ia 9     
section #b7;h77#g77;,d74  4  7b7        
,securities ,ex*ange ,act am5dm5t       
,section #ae;,f7e7 ( ! ,securities      
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gho-#aj7;e771 z add$ by section        
#gfd7;a7 ( ! ,dodd-,frank ,wall ,/reet  
,re=m & ,consum] ,protection ,act1 is   
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#d7 ,applicability ) respect
 to c\nt]p>ties ,! requirem5ts (        
p>agraphs 7#b77;,a77ii7 & 7#b77;,b77ii7 
%all n apply to a security-bas$ swap 9  
:i* a c\nt]p>ty qualifies = an exception
 "u section #c;,c7g77#a7 or satisfies ! 
crit]ia 9 section #c;,c7g77#d74  4  #c4 
,implem5tation ,! am5dm5ts made by ?is  
,act to ! ,commodity ,ex*ange ,act %all 
be implem5t$--  7#a7 )\t reg>d to--     
7,a7 *apt] #ce ( title #dd1 ,unit$      
,/ates ,code2 &  7,b7 ! notice & comm5t 
provisions ( section #eec ( title #e1   
,unit$ ,/ates ,code2  7#b7 ?r\gh !      

promulgation ( an int]im f9al rule1     
pursuant to :i* public comm5t w be s\ght
 be=e a f9al rule is issu$2 &  7#c7 su* 
t p>agraph 7#a7 %all apply solely to    
*anges to rules & regulations1 or       
propos$ rules & regulations1 t are      
limit$ to & directly a consequ5ce ( su* 
am5dm5ts4  ,pass$ ! ,h\se (             
,repres5tatives ,june #ab1 #bjac4;,cl]k4