Senate Version of Financial Reform Bill Stricter on Derivatives Than House Effort

The sweeping financial reform bill passed by the Senate May 20 contains several provisions that would impose more stringent oversight of derivatives trading than the House version passed in…

SEC, CFTC Vow to Make Needed Reforms After Dow Plunge; Lawmakers Want Answers

The Securities and Exchange Commission and the Commodity Futures Trading Commission May 7 vowed to make “whatever structural or other changes” are necessary to ensure that…

Goldman Sachs Bet Against Housing Market, Profited at Clients’ Expense, Senator Levin Contends

Sen. Carl Levin (D-Mich.) April 26 released excerpts of e-mails between employees at Goldman Sachs Group Inc., (GS) which he said show that the firm held significant short positions against…

Senate Action on Financial Reform Expected Despite Initial Setback; Derivatives See Progress

Despite an April 26 loss on a vote to proceed to consideration of a Senate financial reform measure (S. 3217), Senate leaders expected to be able to move the bill to the floor very soon…

Strong Derivatives Bill Recommended by Senate Agriculture Committee; Merger with Dodd Bill Expected

The Senate Agriculture Committee recommended April 21, with one Republican joining 12 Democrats, a bill that is touted by its sponsor, panel chairman Blanche Lincoln (D-Ark.), as bringing “100 percent…

SEC Prosecution of Goldman Sachs to Have Major Impact on Private Suits, Firm Conduct, Lawyers Say

The Securities and Exchange Commission’s high profile enforcement action against Goldman Sachs & Co. (GS) likely will prompt more shareholder litigation, increase regulatory and congressional…

Status of Intellectual Property Legislation in Congress

The following chart summarizes the status of key issues as to which significant legislative activity is occurring in Congress. The first column provides a…

CFTC-FERC Turf Battle over Energy Contracts Moves to Senate

An unresolved turf battle between the chairmen of two federal agencies over regulation of financial derivative products in energy markets will require Congress to settle…

Rep. Levin Assumes Acting Chairmanship of House Tax Committee over Rep. Stark

Rep. Sander Levin (D-Mich.) March 4 assumed the acting chairmanship of the House Ways and Means Committee a day after Rep. Charles Rangel (D-N.Y.) stepped…

California Democrat Stark Named Interim Head of House Ways and Means Committee as Panel Faces Significant Tax Issues

California Democrat Fortney Pete Stark took over as interim chairman of the House Ways and Means Committee March 3 after Rep. Charles Rangel (D-N.Y.) stepped down from…

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