,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hiad  ,,in ,,the ,,house ,,of  
,,representatives  ,december #i1        
#bjbj,mr4 ,cleaver introduced the       
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to amend the ,dodd-,frank   
,wall ,street ,reform and ,consumer     
,protection ,act to permit certain      
non-designated clearinghouses access to 
a deposit account at a ,federal reserve 
bank1 to apply certain risk management  
standards to non-designated             
clearinghouses receiving certain        
services from a ,federal reserve bank1  
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,risk ,management for ,derivatives      
,clearing ,organizations ,act4  #b4     
,access to ,federal reserve bank        
accounts and services ,section #hjf of  
the ,dodd-,frank ,wall ,street ,reform  
and ,consumer ,protection ,act 7#ab     
,u4,s4,c4 #edfe7 is amended-- 7#a7 in   
subsection 7a7-- 7,a7 by striking a     

designated financial market utility and 
and inserting a designated financial    
market utility1 a derivatives clearing  
organization registered with the        
,commodity ,futures ,trading ,commission
 under the ,commodity ,exchange ,act    
that has been approved to hold such an  
account by the ,commodity ,futures      
,trading ,commission1 or a clearing     
agency registered with the ,commission  
under the ,securities ,exchange ,act of 
#aicd that has been approved to hold    
such an account by the ,commission1 and2
  7,b7 by striking designated financial 
market utility that and inserting       
financial market utility that2 and  7,c7
 by inserting after by the ,board of    
,governors the following3 1 as well as  
any applicable rules1 orders1 standards1
 or guidelines1 including1 in           
particular1 liquidity requirements1     
prescribed by the financial market      
utility's primary financial regulatory  
agency4 ,access to discount and         
borrowing privileges may only be        

provided to a financial market utility  
in accordance with subsection 7b72  7#b7
 in subsection 7c71 by striking         
designated financial market utility and 
inserting financial market utility2 and 
7#c7 in subsection 7d71 by striking     
designated financial market utility each
 place such term appears and inserting  
financial market utility4