Spending Cuts Could Undo Derivatives Regs, Says Frank

25 Jan 2011

Rep. Barney Frank (D-Mass.) said spending cuts proposed by Republicans in the House of Representatives could undo derivatives regulations.

Rep. Barney Frank (D-Mass.) said spending cuts proposed by Republicans in the House of Representatives could undo derivatives regulations. Lawmakers are looking to reduce non-defense spending by between USD55 billion and USD60 billion this fiscal year, which Frank said could have negative impact on funding for the U.S. ...

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