Energy firms praise Republican Dodd-Frank fixes
Industry groups are hopeful that a bill passed by the Republican-controlled US House of Representatives to ease the burden of Dodd-Frank on end-users will survive the threat of a presidential veto
Energy industry groups are welcoming the June 9 passage of a bill by the Republican-controlled US House of Representatives that would ease the burden of Dodd-Frank Act regulations on commodity hedgers. But the bill faces an uncertain future due to a White House threat to veto the legislation.
The House passed the bill, called the Commodity End-User Relief Act, by a 246–171 vote, with nine Democrats joining the vast majority of Republicans in approving the bill. The bill's main purpose is to
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