Lawmakers are drafting rules for derivatives market

04/2/2010 | Washington Post, The

Members of the Senate Agriculture Committee are working on regulations for the over-the-counter derivatives market. Sens. Blanche Lincoln, D-Ark., who is chairwoman of the committee, and Saxby Chambliss, R-Ga., said they plan to focus on bipartisan legislation after the April recess. "The swaps market will be regulated, but let me say this: I don't believe in overreaching or regulation for regulation's sake. We must be surgical with how we regulate," Lincoln said.

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