By Ramsey Cox
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 Fincher (R-Tenn.) introduced the bill and Reps. Tom Graves (R-Ga.), Michael Grimm (R-N.Y.), Bill Huizenga (R-Mich.) and David Scott (D-Ga.) co-sponsored the measure.