Lincoln Takes Tough Stance In Derivatives Bill

Law360, New York (April 14, 2010, 1:21 PM EDT) -- U.S. Sen. Blanche Lincoln, D-Ark., is pledging to bring nearly all over-the-counter derivative swaps into centralized clearing and exchange trading, limit end-user exemptions, and boost capital and margin requirements as part of soon-to-be unveiled legislation proposing first-ever derivatives regulation.

Lincoln, who chairs the Senate Agriculture Committee, shared an outline of her forthcoming proposal in a letter sent Tuesday to Sens. Marie Cantwell, D-Wash.; Dianne Feinstein, D-Calif.; Byron Dorgan, D-N.D.; and Olympia Snowe, R-Maine.

The proposal will be considered in coming weeks on the Senate floor alongside...
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