Pursuits

Wall Street Gets Early Win as House Tries to Ease Swaps Rules

Republican lawmakers approve legislation to rein in CFTC
Bill stalled last year, but might have new life under Trump

1472742796_capitol-Washington-DC — Photographer: Andrew Harrer/Bloomberg

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By Elizabeth Dexheimer and Benjamin Bain

January 12, 2017 at 10:59 PM UTC

Updated on

January 13, 2017 at 12:00 AM UTC

This article is for subscribers only.

Republican lawmakers who want to rein in Wall Street’s watchdogs aren’t waiting around for Donald Trump.

In a likely preview of things to come, the GOP-controlled House passed legislation 239-to-182 Thursday that would make it much harder for the top U.S. regulator of the $544 trillion derivatives market to justify new rules.