ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 1038, Public Power Risk Management Act of 2013   [open pdf - 15KB]

This is a Congressional Budget Office (CBO) cost estimate for H.R. 1038, Public Power Risk Management Act of 2013. "H.R. 1038 would change the way certain electric and natural gas utility contracts are regulated by the Commodity Futures Trading Commission (CFTC). Under current law, most firms that offer contracts to hedge or mitigate market risks are regulated as 'swap dealers' if the value of their transactions exceeds certain thresholds. H.R. 1038 would direct the CFTC to exclude certain types of agreements with publicly owned utilities from the calculation of the threshold for transactions with 'special entities,' which includes governmental or nonprofit entities. That change could make it easier for firms to enter into hedging arrangements with public utilities without being regulated as a swap dealer."

Publisher:
Date:
2013-04-01
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov
Format:
pdf
Media Type:
application/pdf
URL:
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