Federal Regulation of Swap Agreements Proposed

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On May 4, 2009, Senators Carl Levin, D-Michigan and Susan Collins, R-Maine introduced the Authorizing the Regulation of Swaps Act (the “Swaps Bill” or “Bill”) which, if passed, would repeal a number of provisions of US law that currently bar the regulation of swap agreements. The Swaps Bill (S. 961) has been referred to the Senate Committee on Banking, Housing and Urban Affairs.

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Published In: Administrative Agency Updates, Antitrust & Trade Regulation Updates, Elections & Politics Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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