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Dodd Abandons Effort to Weaken Derivatives Measure

HeadlineMay 20, 2010

Senate Banking Committee chair Christopher Dodd meanwhile has abandoned his effort to weaken a provision that would ban Wall Street firms from acting as brokers for most forms of derivatives trades. Dodd had called for suspending the ban for two years and allowing the US Treasury to cancel it altogether. But on Wednesday, Dodd said he won’t bring his amendment up for vote.

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