House Panel Readies Derivatives, CFPA Bills

By Jessica Dye

Law360, New York (October 14, 2009, 6:47 PM ET) -- Democratic and Republican members of the U.S. House of Representatives Financial Services Committee lined up along party lines on Wednesday to debate proposed derivatives and consumer financial oversight bills, as the panel nears crucial votes on two pieces of a regulatory reform package.

Financial Services chairman Rep. Barney Frank, D-Mass., who has taken the lead on crafting sweeping new financial and derivative market oversight proposals currently under consideration in the House, said he expected key votes on changes to the Over-the-Counter Derivatives Markets Act to come...
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