New Dem Members Unveil Legislation to Reform Derivatives TradingJuly 22, 2009 Washington, D.C - Today, members of the New Democrat Coalition Leadership and the Financial Services Task Force joined task force member Representative Michael E. McMahon (NY-13) to introduce a bill to increase transparency and regulatory requirements for the trading of derivatives. The Derivatives Trading Accountability and Disclosure Act of 2009, sponsored by Rep. McMahon, would increase regulation and reporting requirements placed on the derivatives market, while still allowing for customized and over-the-counter derivative trading. This legislation provides greater protection for American families, businesses and investors, while maintaining an active derivatives market that encourages investment, economic growth and job creation. CONTINUE READING |
New Dems Applaud Passage of "Pay-As-You-Go" LegislationJuly 22, 2009 Washington, D.C - Today, the leadership of the New Democrat Coalition released the following statement in response to the passage of H.R.2920, The Statutory Pay-As-You-Go (PAYGO) Act of 2009, in the U.S. House of Representatives: CONTINUE READING |