By Silla Brush - 05/19/10 04:58 PM EDT
Senate Banking Committee Chairman Chris Dodd (D-Conn.) will not push an amendment that would have limited a ban on banks trading derivatives in-house.
Dodd had filed an amendment Tuesday that would have significantly limited a provision backed primarily by Senate Agriculture Committee Chairwoman Blanche Lincoln (D-Ark.). Instead of the outright ban, Dodd's amendment would have required a study, a 2-year delay in implementation and the possibility that regulators could drop the ban entirely.
Kirstin Brost, spokeswoman for Dodd, said Wednesday the senator would not offer the amendment.