U.S. Chamber Says Dodd-Frank Swaps Deadlines Should Be Delayed
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Congress should pass legislation extending the July deadline under the Dodd-Frank Act for most new derivatives regulations to be completed, 19 industry trade-associations told lawmakers.
The U.S. Commodity Futures Trading Commission and Securities and Exchange Commission need “sufficient time to develop a transparent and orderly system that minimizes unintended consequences,” the associations wrote today to the top Democrats and Republicans on the Financial Services and Agriculture committees in the House and the Agriculture and Banking committees in the Senate.