Swap push-out reform bill passes committee despite Waters opposition

Capitol Hill

The leading Democrat on the House Committee on Financial Services has unexpectedly withdrawn her support for a bill that would correct the unequal treatment of US and foreign banks under section 716 of the Dodd-Frank Act – the controversial swap push-out rule.

At a mark-up hearing of House resolution 992 (HR 992) – the Swaps Regulatory Improvement Act – held in Washington, DC yesterday, representative Maxine Waters, the ranking Democratic member on the committee, surprised Republican members by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here