Yesterday, Shopfloor commented on the Senate Agriculture Committee’s vote on derivatives legislation that would generally preserve manufacturers’ and other commercial end users’ access to this important risk management tool.
The measure is expected to be included in the broader financial services reform legislation set for debate in the Senate next week.
However, as Roll Call [subscription] reports today, the derivatives plan — as do many other provisions — faces opposition, and its inclusion in the final bill is uncertain:
Senate Agriculture, Nutrition and Forestry Chairman Blanche Lincoln (D-Ark.) appears to be fighting an uphill battle to get her piece of the financial regulatory reform bill into the larger package before it hits the floor, possibly next week.”
She added that she is determined to make sure her legislation, or a compromise she approves of, makes it into the underlying bill and does not get set up for near-certain failure as a stand-alone amendment.
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