Coalition for Derivatives End-Users News Release

FOR IMMEDIATE RELEASE

August 1, 2012

 

Business Group Praises Bipartisan Introduction of Bill Preventing Costly and Unnecessary Regulation of Main Street Risk Management

Washington – The Coalition for Derivatives End-Users today issued the following statement on the introduction of legislation by Senators Mike Johanns (R-NE), Mike Crapo (R-ID), Jon Tester (D-MT), Herb Kohl (D-WI), Pat Toomey (R-PA) and Kay Hagan (D-NC) to exempt non-financial end-user companies from margin requirements applied to their derivatives trades:

“The bill introduced today by Sens. Johanns, Crapo, Toomey, Tester, Kohl and Hagan helps main street businesses invest more funds in expanding their operations and creating jobs by freeing them from the costly and needless requirements that are threatened by Dodd-Frank Act margin regulations.   The bill is about protecting companies that use derivatives to manage risk, not create it.  The Coalition for Derivatives End-Users, and the hundreds of businesses it represents, applauds this bipartisan legislation and looks forward to Senate action that mirrors its overwhelming passage in the House earlier this year,” said Michael Bopp, Counsel to the Coalition for Derivatives End-Users.

The Coalition for Derivatives End-Users includes the following major U.S. business associations:

  • Agricultural Retailers Association
  • Business Roundtable
  • Commodity Markets Council
  • Financial Executives International
  • National Association of Corporate Treasurers
  • National Association of Manufacturers
  • The Real Estate Roundtable
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: