Big issues still being debated
May 13, 2010 | federal legislation, industry | Comments (0)From The Hill:
Debate over tighter regulations on the multi-trillion dollar over-the-counter derivatives continued today with manufacturing interests voicing concern after Republicans failed to change the financial regulatory reform legislation.
The Senate defeated a Republican alternative Wednesday offered by Senate Agriculture ranking member Saxby Chambliss (R-Ga.) and Senate Banking ranking member Richard Shelby (R-Ala.) — by a 59-39 vote. Shelby, Chambliss and other Senate Republicans have argued that the new language would’ve ensured business end-users would be exempted from burdensome regulations.
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