On the recordOctober 11, 2011
That is why we strongly support the Stivers-Fudge bill, which recognizes that inter-affiliate swaps do not create systemic risk.
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congress.govThat is why we strongly support the Stivers-Fudge bill, which recognizes that inter-affiliate swaps do not create systemic risk.
Stivers supports a bill exempting inter-affiliate swaps from regulation to avoid economic costs.
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The American financial markets, I believe, are the envy of the world, but they are still imperfect.
I am not going to back down from passing our bill, because I think it is really important.
I claim time in opposition, although I am not opposed to the amendment. The Acting CHAIR. Without objection, the gentleman from Ohio is recognized for 5 minutes. There was no objection.