US Senate rejects energyderivatives legislation
Energy traders applauded the Senate’s decision in November to veto proposed legislation that would place stricter controls on derivatives trading. By Paul Lyon
Senators voted 56 to 41 against an amendment included in an agriculture spendingbill by Democrat senator for California Dianne Feinstein to improve transparencyin the energy trading markets. It was the third time Feinstein had pushed forstricter federal regulation in energy and commodity derivatives markets. Thisfollows a push to introduce the Energy Market
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