Washington – Business Roundtable today applauded the U.S. House of Representatives for approving the Business Risk Mitigation and Price Stabilization Act of 2013, H.R. 634, which exempts non-financial end-users from margin requirements.

“H.R. 634 is an important clarification that protects innocent bystanders from unintended consequences of the Dodd-Frank law. America’s business leaders are grateful to the U.S. House of Representatives for their bipartisan support of this critical fix and particularly Representatives Michael Grimm (R-NY), Gary Peters (D-MI), Austin Scott (R-GA) and Mike McIntyre (D-NC) for their leadership on this issue,” said Alexander M. (Sandy) Cutler, Chairman and CEO of Eaton and Chair of Business Roundtable’s Committee on Corporate Governance. “We hope today’s overwhelmingly bipartisan vote in the House will encourage the Senate to take up and pass this vital measure this year.”

H.R. 634 exempts non-financial end-users of derivatives – who had no role in the financial crisis and pose no systemic risk – from margin requirements intended to reduce the economic risk posed by derivatives trading.

Business Roundtable signaled its support for H.R. 634 in a letter sent yesterday to all Members of the House from the Coalition for Derivatives End-Users, of which the Roundtable is a founding member. Click here to read the letter.