| U.S. Public Interest Research Group |
| Chambliss Amendment #3816. |
Eliminates reforms in Restoring America’s Financial Stability Act requiring most derivatives to be traded on exchanges. Rejected.
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| Service Employees International Union |
| Financial Reform: Senate amendment vote to weaken proposed regulations of the financial industry. |
This is an amendment to the Senate's version of the Wall Street Reform bill. SA 3816, introduced by Sen. Chambliss (R-Ga.), would have weakened derivatives regulation by leaving loopholes in regulations, such as reducing the number of people and types of bets where the rules apply.
The amendment was voted down.
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| The National Association of Manufacturers |
| S.3217, On the amendment (Chambliss Amdt. No. 3816). |
The Chambliss (R-GA)/Shelby (R-AL) substitute amendment to financial services bill S. 3217. This group supported the amendment, which would have given business end-users continued access to reasonably priced over-the-counter (OTC) derivatives, providing them with greater financial certainty and exempting them from central clearing, bilateral margining and exchange-trading requirements.
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