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Congress Urged To Delay Derivatives Deadline

A group of 19 industry trade associations, including the U.S. Chamber of Commerce, have called on Congress to extend the July deadline for completion derivatives regulations under the Dodd-Frank Act, reports Bloomberg.

A group of 19 industry trade associations, including the U.S. Chamber of Commerce, have called on Congress to extend the July deadline for completion derivatives regulations under the Dodd-Frank Act. In a letter to lawmakers, the group stressed that the U.S. Commodity Futures Trading Commission and the Securities and Exchange Commission need “sufficient time to develop a transparent and orderly system that minimizes unintended consequences.”

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