Bill Aims To Close Derivatives Loophole
Sen. Carl Levin (D-Mich.), chairman of the Senate Permanent Subcommittee on Investigations, has introduced the Close the Derivatives Blended Rate Loophole Act, which aims to end a loophole that allows traders in complex derivatives to claim long-term capital gains from short-term speculation.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
