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House bill establishing national policy would exempt companies from tougher state, local rules.

U.S. swaps watchdog sought $413 million in penalties in fiscal 2017, down 68% from the previous year.

U.S. swaps watchdog sought $413 million in penalties in fiscal 2017, down 68% from the previous year.

Legislation would set up a new office, the Pension Rehabilitation Administration, within Treasury.

Legislation would set up a new office, the Pension Rehabilitation Administration, within Treasury.

Announcement follows U.K. regulator's decision earlier this year to phase out the benchmark.