House Passes Bills Tweaking Derivatives Trading Rules

Law360, New York (March 26, 2012, 11:12 PM EDT) -- The U.S. House of Representatives voted Monday to pass two bills aimed at clarifying derivatives rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act, including legislation that exempts interaffiliate swaps from certain regulations.

The House voted 357 to 36 to approve H.R. 2779, which would exempt so-called interaffiliate swap trades from Dodd-Frank's margin, clearing and execution requirements. An interaffiliate swap trade is an accounting tool used by companies to transfer risks from subsidiaries to a central corporate entity that performs all swaps as a...
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