Bill Would Shield 'True End Users' From OTC Margins
Rep. Michael Grimm, who represents Staten Island and parts of Brooklyn, said the Business Risk Mitigation and Price Stabilization Act of 2011 would spare “true end users” from having to post margin requirements under rules required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was passed last July.
“Dodd-Frank over-reached when it included true end users who simply use...
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