,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #haec  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bi1 #bjbd,mr4 
,mooney 7= himself1 ,mr4 ,donalds1 &    
,mr4 ,ogles7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices1 & 9 addition to !   
,committee on ,agriculture1 = a p]iod to
 be subsequ5tly det]m9$ by ! ,speak]1 9 
ea* case = consid]ation ( su* provisions
 z fall )9 ! jurisdiction ( ! committee 
conc]n$  ,a ,,bill  ,to am5d ! ,wall    
,/reet ,transp>5cy & ,acc\ntability ,act
 ( #bjaj to provide cov]$ bank+         
in/itutions ) c]ta9 exemptions relat$ to
 int]e/ rate swaps1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,bank ,risk ,r$uction ,act ( #bjbd4   
#b4 ,exemptions = c]ta9 int]e/ rate     
swaps ( cov]$ bank+ in/itutions  7a7 ,9 
g5]al ,! ,wall ,/reet ,transp>5cy &     
,acc\ntability ,act ( #bjaj 7#ab        
,u4,s4,c4 #hcja et seq47 is am5d$ by    
ins]t+ aft] section #ged ! foll[+3      
#gee4 ,exemptions = c]ta9 int]e/ rate   

swaps ( cov]$ bank+ in/itutions  7a7 ,9 
g5]al ,a cov]$ bank+ in/itution-- 7#a7  
%all be exempt f any cle>+ or m>g9      
requirem5ts applicable to an int]e/ rate
 swap t h$ges int]e/ rate risk ( debt   
securities or loans held on ! balance   
%eet ( ! cov]$ bank+ in/itution1 includ+
 any requirem5ts "u sections #b7;h7 or  
#ds7e7 ( ,commodity ,ex*ange ,act & !   
regulations promulgat$ !reund]2  7#b7   
may use h$ge acc\nt+ ) respect to debt  
securities or loans held on ! balance   
%eet ( ! cov]$ bank+ in/itution2  7#c7  
is n subject to any requirem5t1 includ+ 
! ,f9ancial ,acc\nt+ ,/&>ds ,bo>d's     
,acc\nt+ ,/&>d ,codification p>agraph   
#hae-bj-be-dc7;c77#b71 t re/ricts a     
cov]$ bank+ in/itution f an option to   
designate a fair value h$ge on ! risks (
 *anges 9 ! fair value attributable to !
 int]e/ rate risk ( a held-to-maturity  
debt security2 &  7#d7 is n subject to  
any requirem5t1 includ+ ! ,f9ancial     
,acc\nt+ ,/&>ds ,bo>d's ,acc\nt+ ,/&>d  
,codification p>agraph                  

#hae-bj-be-dc7;d77#b71 t re/ricts a     
cov]$ bank+ in/itution f an option to   
designate a ca% fl[ h$ge to ! risks (   
*anges 9 ! ca% fl[s attributable to     
int]e/ rate risk t result f v>iable ca% 
fl[s ( a held-to-maturity debt security4
  7b7 ,def9itions ,9 ?is section3 7#a7  
,cov]$ bank+ in/itution ,! t]m cov]$    
bank+ in/itution means an insur$        
depository in/itution or depository     
in/itution hold+ company4  7#b7 ,int]e/ 
rate swap ,) respect to a cov]$ bank+   
in/itution1 ! t]m int]e/ rate swap means
 a swap ent]$ into by ! cov]$ bank+     
in/itution = ! purpose ( h$g+ aga9/ !   
int]e/ rate risk ( debt securities or   
loans held on ! balance %eet ( ! cov]$  
bank+ in/itution4  7#c7 ,h$ge acc\nt+ ,!
 t]m h$ge acc\nt+ means ! acc\nt+ rules 
& regulations t enable ! f9ancial       
report+ ( h$g+ relation%ips to bett]    
portray ! economic results ( an entity's
 risk managem5t activities 9 its        
f9ancial /atem5ts1 includ+ ! acc\nt+    
rules & guidance provid$ by ! ,f9ancial 

,acc\nt+ ,/&>ds ,bo>d4  7#d7 ,fair value
 ,! t]m fair value means ! price t w\ld 
be receiv$ to sell an asset or paid to  
transf] a liability 9 an ord]ly         
transaction betwe5 m>ket p>ticipants at 
! measurem5t date4  4  7b7 ,cl]ical     
am5dm5t ,! table ( cont5ts 9 section    
#a7;b7 ( ! ,dodd-,frank ,wall ,/reet    
,re=m & ,consum] ,protection ,act is    
am5d$ by ins]t+ aft] ! item relat+ to   
section #ged ! foll[+3  ,sec4 #gee4     
,exemptions = c]ta9 int]e/ rate swaps ( 
cov]$ bank+ in/itutions4  4