House Dems Defend Position Limits As Part Of Dodd-Frank

Law360, New York (April 26, 2012, 7:13 PM EDT) -- Congressional Democrats on Wednesday said that they did intend for the U.S. Commodity Futures Trading Commission to set position limits for physical commodities when they wrote the Dodd-Frank Act, rejecting claims from Wall Street groups seeking to have the rule tossed.

In an amicus brief filed in Washington federal court, the Democratic members of the U.S. House of Representatives who served on the conference committee that negotiated the final contours of the Dodd–Frank Wall Street Reform and Consumer Protection Act said they had expressly intended the...
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