Bill Seeks Info on Derivatives Regs

Senate measure would require CFTC to provide analyses of rules’ impact.

The U.S. Senate may vote on a measure to overhaul the implementation of the Dodd-Frank Act’s derivatives regulations, giving the chamber’s Republicans a rare opportunity to strike at a law the majority of them opposed.

Senator Mike Crapo, an Idaho Republican, offered the measure as an amendment yesterday that would restrict funding for the Commodity Futures Trading Commission’s implementation of the law until the agency provides quantitative analyses and assessments of the impact of the new rules on the economy, the $601 trillion derivatives market and its liquidity, as well as an analysis of the international harmonization efforts.

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