No derivatives votes on Wed-US Rep Frank
WASHINGTON Oct 14 (Reuters) - Representative Barney Frank, chairman of the U.S. House Financial Services Committee, said on Wednesday, the panel will not vote until Thursday on legislation to regulate over-the-counter derivatives.
"We will hold off the votes on this bill until 10 o'clock tomorrow morning," Frank said midway through a Wednesday working session on the bill.
Frank said the committee would move Wednesday afternoon to considering another proposal -- legislation from the Obama administration calling for setting up a Consumer Financial Protection Agency. (Reporting by Kevin Drawbaugh)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Monetary Policy Committee
Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made. Full Article
PM Modi to ramp up help for Indian Ocean nations to counter China influence Full Article