Lew asks lawmakers to reject derivatives measures

05/7/2013 | Huffington Post, The · Hill, The · Bloomberg

Treasury Secretary Jack Lew sent letters to members of the House Financial Services Committee urging them to reject proposals intended to roll back derivatives rules. The committee is scheduled to vote today on several bills that have bipartisan support. "The derivatives provisions in the Wall Street Reform Act constitute an important part of the reforms being put in place to strengthen our financial system by improving transparency and reducing risks for market participants," Lew wrote. "These reforms should not be weakened or repealed."

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Huffington Post, The · Hill, The · Bloomberg

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