Barney Frank actually said...
passing this bill . . . will not in any way, shape or form reduce sensible regulation of derivatives. It will not increase any exposure to the financial system from derivatives. [Sec. 716] was an unnecessary and, I think, somewhat unwise amendment. The bill before us . . . will restore this to what I think is the appropriate balance.
Context
Frank supports the bill, asserting it maintains necessary regulations on derivatives.
03/27/2012