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U.S. House Panel Approves Measure Limiting Swaps ‘Push-Out’

The U.S. House Financial Services Committee approved legislation that would let banks keep commodity and equity derivatives in federally-insured units by removing part of the Dodd-Frank Act’s so-called push-out rule.

The bipartisan measure, approved today by voice vote, calls for altering the 2010 law’s requirement that banks with access to deposit insurance and the Federal Reserve’s discount window move some derivatives trades to separate affiliates.