Political Quotes

Thomas Ewing: “Number one, the Blackbird Institution is not regulated by this bill. It is not regulated now. We believe that this bill…”

On the recordOctober 19, 2000
Number one, the Blackbird Institution is not regulated by this bill. It is not regulated now. We believe that this bill exempts them from any regulation so long as they are trading in the manner in which they have indicated they are. The issue here is so long as they do not act as an organized exchange and do not do retail trades, they will be exempt under this bill and exempt from regulation. The idea, of course, is that if they decide to do otherwise then, of course, they will come under regulation like every other exchange, every other trader with retail interests.
Said by
Thomas Ewing
Republican · Illinois
Source
govinfo.gov

Editor's note · Context

Discussing the regulatory status of the Blackbird Institution in relation to proposed legislation.

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