Derivatives Bill Approved by Senate Agriculture Committee; Senate Banking Committee Posts Report on Dodd Financial Reform Bill
Today the Senate Agriculture, Nutrition and Forestry Committee approved a derivatives regulation bill called "The Wall Street Transparency and Accountability Act of 2010.” Today's Senate Agriculture Committee vote of 13-8 was largely along party lines with one Republican vote coming from Sen. Charles Grassley (R-IA). The legislation, originally released April 16, 2010 by Senate Agriculture Committee Chairman Blanche Lincoln (D-AR), and must now be incorporated into the financial reform bill passed out of the Senate Banking Committee on March 22, 2010, the "Restoring American Financial Stability Act" is expected to be taken up on the Senate floor this coming week.
Click here for the Senate Agriculture Committee's press release, click here for bill, click here for a summary of the bill, and click here for a section by section analysis.
Meanwhile, the Senate Banking Committee released today its report on "Restoring American Financial Stability Act."
Click here for the Senate Banking Committee's report, click here for bill, and click here for a summary of the bill.
