Sens. Back CFTC’s Dodd-Frank Position Limits In DC Circ.

Law360, New York (April 23, 2013, 7:31 PM EDT) -- Democratic senators on Tuesday urged the D.C. Circuit to overturn a lower court ruling that invalidated the U.S. Commodity Futures Trading Commission's proposal to place new limits on derivatives trading, saying Congress clearly intended for the commission to establish position limits.

A group of 19 senators led by Sen. Carl Levin, D-Mich., said that both the final text of the 2010 Dodd-Frank Act and the legislative history building up to the final bill showed that Congress required the CFTC to put limits on positions traders could...
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