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The carve outs begin

May 12, 2010 | federal legislation, industry | Comments (0)

Doesn’t do  much for us.  From The Hill:

An amendment to exempt certain small businesses from additional regulations under a proposed consumer protection agency could help pave the way for agreement on the unresolved provisions.

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The first amendment would exempt small businesses if they sell nonfinancial products, don’t securitize consumer debt and are classified within the North American Industry Classification System code’s definition of a “small business.”

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