ADVERTISEMENT

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 FincherTrump announces, endorses ambassador to Japan's Tennessee Senate bid Lamar Alexander's exit marks end of an era in evolving Tennessee Tensions on immigration erupt in the House GOP MORE (R-Tenn.) introduced the bill and Reps. Tom GravesJohn (Tom) Thomas GravesModernize Congress to make it work for the people 5 Republicans who could replace Isakson in Georgia's Senate race The Hill's Morning Report - Gillibrand drops out as number of debaters shrinks MORE (R-Ga.), Michael Grimm (R-N.Y.), Bill Huizenga (R-Mich.) and David Scott (D-Ga.) co-sponsored the measure.