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May 19, 2010

Dodd Proposes Weaker Derivatives Provision
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Senate Banking Committee chair Christopher Dodd is proposing to weaken
the provision on derivatives trading in the financial regulation bill he
unveiled earlier this year. Under the current proposal, Wall Street
firms would be banned from acting as brokers for most forms of
derivatives trades. But Dodd is calling for suspending the ban for two
years and allowing the US Treasury to cancel it altogether.



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