Business Roundtable (http://www.brt.org/) today welcomed passage by the
"America's business leaders applaud the
Subjecting companies to unnecessary margin and clearing requirements prevents them from investing in their operations, creating U.S. jobs and supporting economic growth. This legislation would remove those margin and clearing requirements.
In a letter (http://businessroundtable.org/resources/brt-letter-house-customer-protection-and-end-user-relief-act) sent to House leaders earlier this week, Cutler wrote, "Business Roundtable supports efforts to increase transparency in the derivatives markets and enhance financial stability for the U.S. economy through thoughtful new regulation while avoiding needless costs."
H.R. 4413, which would reauthorize the
* Ensuring that non-financial derivatives end-users, who pose no systemic risk to the U.S. economy, are not subject to unnecessary margin requirements; and
* Guaranteeing that end-users are not subject to clearing requirements applicable to banks simply because they trade through efficient, cost-effective centralized treasury units.
Click (http://businessroundtable.org/resources/brt-letter-house-customer-protection-and-end-user-relief-act) here to read Cutler's letter.
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