House prepares for vote on swaps legislation

摘要

The US House of Representatives is poised to approve legislation to regulate over-the-counter (OTC) derivatives, including energy swaps. But the Senate is still in the early stages of crafting a bill. Senate agriculture committee chair Blanche Lincoln, who will spearhead the Senate effort to regulate swaps, is providing few details as to how she plans to proceed. "A certain amount of market re-engineering will be in order," she says.