I ask Senator Feinstein if it is true that under the current law no one can do anything about these wash trades because of this Enron loophole that is in the law. We are trying to take that out, so somebody could actually ban this kind of fraudulent trading practice. Isn't that correct?
Questioning the impact of the Enron loophole on wash trades during a discussion on trading practices.
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It would be better, I think, for members to have real specific information. Because we don’t have it.
I inform the Speaker that I have no further speakers, and I reserve the balance of my time.
This amendment would prohibit funds from being made available to the FTC to enforce the suspension of early terminations to merger filings made under the Hart-Scott-Rodino Act. The FTC is authorized to terminate this waiting period early…
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