House Committee Approves End-User Margin Exemption Legislation
The U.S. House Financial Services Committee approved legislation that would bar regulators from imposing margin, or collateral, requirements on commercial and manufacturing end-users of derivatives.
The committee approved the legislation today on a voice- vote in Washington. The legislation, which will face a vote from the full House, was sponsored by Representative Michael Grimm, a New York Republican, and Gary Peters, a Michigan Democrat.
To contact the reporter on this story: Silla Brush in Washington at firstname.lastname@example.org