Reform bill blocked in Senate despite dropping exchange trading
Republicans voted against debating financial reform again, despite the elimination of mandatory exchange trading from the bill.
Republicans in the US Senate blocked discussion of financial regulatory reform legislation again yesterday, despite Democrats agreeing to drop proposals to mandate exchange trading of all centrally cleared over-the-counter derivatives.
A successful cloture vote would have enabled formal debate to begin on both the Senate Committee on Banking, Housing and Urban Affairs’ Restoring American Financial Stability Act 2010, and the Senate Committee on Agriculture, Nutrition and Forestry’s Wall Street
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