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Thursday, May 10, 2012

BRT: Exempt Inter-Affiliate Swaps from Dodd-Frank

The Business Roundtable CEOs sent a letter to members of the U.S. Senate urging the members to take up and pass two bills recently passed by the House – H.R. 2682, the Business Risk Mitigation and Price Stabilization Act of 2011, and H.R. 2779, a Bill to Exempt Inter-Affiliate Swaps from the Regulatory Requirements of Title VII of the Dodd-Frank Act.

H.R. 2779 would prevent internal, inter-affiliate trades from being subject to Title VII of the Dodd-Frank Act and would ensure that companies are not forced to abandon hedging through central risk-mitigation centers which achieve stability by allowing U.S. companies to manage commercial risk more effectively and secure better pricing for their derivatives trades.
Passage of these two bills in the Senate by the end of the current legislative session would help ensure that unnecessary regulations, which would lead to decreased competitiveness and kill jobs, are not imposed.
Read the full letter.

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