House moves forward swaps-clearing exemption for small banks

04/26/2012 | Hill, The · AmericanBanker.com (free registration)

Rep. Vicky Hartzler, R-Mo., sponsored legislation that would exempt small banks and credit unions from swaps-clearing requirements under the Dodd-Frank Act. The House easily passed the measure. "This revision of Dodd-Frank is essential to farmers, manufacturers, and small and rural businesses wanting to expand and create new jobs," Hartzler said.

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Hill, The · AmericanBanker.com (free registration)

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