US House Ags Committee reviews Treasury derivatives plan
Members of the US House Agriculture Committee voiced concerns today that government proposals for regulating over-the-counter derivatives would negatively affect end users.
At the first of two hearings to examine US Treasury proposals published on August 11, the committee heard from two panels of industry stakeholders, including representatives from Cargill, the American Public Gas Association, Delta Airlines and CME Group.
Commenting on the Treasury's proposals, ranking committee member Frank Lucas, said: "Today's hearing proved there are concerns the administration's proposal overreaches. I am concerned the proposal will reach all the way to the end user, which
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