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Budget Bill Targets Dodd-Frank’s Derivatives Restrictions

Joe Mont | December 10, 2014

Seeking to avoid another government shutdown, the House Appropriations Committee on Wednesday released the fiscal year 2015 Omnibus Appropriations bill, legislation that will provide discretionary funding for the vast majority of the federal government for the remainder current fiscal year, which ends on Sept. 30, 2015.

The bill, a compromise between parties, nonetheless reflects some of the newfound clout earned by Republicans in the recent mid-term elections, notably in measures directly aimed at the Dodd-Frank Act.

The $1.1 trillion budget contains some good news for regulators. The Securities and Exchange Commission receives $1.5 billion, which is $150 million above the fiscal year 2014 enacted level (but $200 million below the budget...

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