House urges Senate to pass bill on utilities' swaps

03/26/2014 | Hill, The

Now that the Commodity Futures Trading Commission has exempted public utilities from registering as swaps dealers, House Republicans want the Senate to approve a bill with a similar policy. The House unanimously passed the measure in June, but the Senate has taken no action. "It's time for [Senate] Majority Leader [Harry] Reid to pass the House bill or its Senate companion so that millions of Americans have certainty that the Dodd-Frank Act will not increase their electric bills," said House Agriculture Committee Chairman Frank Lucas, R-Okla.

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