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Dodd Proposes Weaker Derivatives Provision

HeadlineMay 19, 2010

Senate Banking Committee chair Christopher Dodd is proposing to weaken the provision on derivatives trading in the financial regulation bill he unveiled earlier this year. Under the current proposal, Wall Street firms would be banned from acting as brokers for most forms of derivatives trades. But Dodd is calling for suspending the ban for two years and allowing the US Treasury to cancel it altogether.

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