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The study would have to examine how other countries regulate derivatives and how regulations would affect financial institutions that trade in derivatives. Congress would then act on recommendations from the Council to minimize any negative affects on U.S financial institutions.

The bill will be considered under suspension of the rules, meaning it will likely pass with broad bipartisan support. Despite agreement on conducting a study, Republicans and Democrats have different views on government’s role in the derivatives market. Because the trading of derivatives was partly to blame for the recent financial collapse, Democrats have called for stricter regulations, while Republicans have argued for a free market.

Rep. Stephen FincherStephen FincherRep. Fincher to retire Export-Import Bank takes step toward renewal Transportation deal includes Ex-Im renewal MORE (R-Tenn.) introduced the bill and Reps. Tom GravesTom GravesOvernight Cybersecurity: Flynn refuses to comply with Senate subpoena | Chaffetz postpones hearing with Comey | Small biz cyber bill would cost M | New worm spotted after 'Wanna Cry' Health talks dominate Ryan meeting Dems seek more money for IRS MORE (R-Ga.), Michael Grimm (R-N.Y.), Bill Huizenga (R-Mich.) and David Scott (D-Ga.) co-sponsored the measure.