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Jun 06, 2013

Fed Rewrites Section 716 of Dodd-Frank

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The Federal Reserve on Wednesday, June 5, issued an interpretation of the so-called “swaps push-out” section of the Dodd-Frank Act that corrects a drafting error that virtually everyone agrees needed to be fixed. The Federal Reserve’s solution was simple: it rewrote the statute.

View full memo, "Fed Rewrites Section 716 of Dodd-Frank"

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