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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 Lee FincherTensions on immigration erupt in the House GOP Trump backs Blackburn's Tennessee Senate bid Corker backs Blackburn for Senate seat after retirement tensions MORE (R-Tenn.) introduced the bill and Reps. Tom GravesJohn (Tom) Thomas GravesHouse committee approves spending bill that would boost IRS funding House panel advances financial services spending bill Georgia governor vetoes controversial hacking legislation MORE (R-Ga.), Michael Grimm (R-N.Y.), Bill Huizenga (R-Mich.) and David Scott (D-Ga.) co-sponsored the measure.