Frank Asks SEC, CFTC For Input On Derivatives Bill

Law360, New York (November 4, 2009, 4:30 PM EST) -- U.S. House of Representatives Financial Services Committee Chairman Barney Frank, D-Mass., has asked the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission for input on amendments to beef up the committee's recently approved legislation to regulate derivatives.

The committee is preparing the Over-the-Counter Derivatives Markets Act of 2009 for a floor debate that will probably take place in December, and intends to draft amendments to resolve concerns about the legislation with the agencies' help, if possible, Frank wrote in a letter to...
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