National

Senators Urge CFTC, SEC to Close Major Swaps Loophole and Prevent Bailouts from Implied U.S. Guarantees on Swaps

Washington, DC—(ENEWSPF)—July 3, 2013. Today, Oregon’s Senator Jeff Merkley and Senator Carl Levin (D-MI), as well as Senators Tom Harkin (D-IA), Elizabeth Warren (D-MA), Jeanne Shaheen (D-NH), Barbara Boxer (D-CA), Richard Blumenthal (D-CT), and Dianne Feinstein (D-CA), urged the heads of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to close a massive loophole in current proposals for swaps regulation that allows American firms to evade the new rules entirely. 

Proud member of LION Publishers

Most read stories this week

Take a Survey

ARCHIVES