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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.