GOP Stays On Attack With Proposal To Delay New OTC Rules

Law360, New York (October 5, 2011, 4:41 PM EDT) -- Republican lawmakers on Tuesday continued to target federal regulators who are writing new rules to govern the approximately $600 trillion over-the-counter derivatives market, introducing a measure that would extend the deadline to revamp the rules by a year.

Sen. Mike Crapo, R-Idaho, and six other Republican senators proposed a measure that would require the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission to "take into account economic impact and international competitiveness concerns on business, and carefully examine how the new rules interact with...
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