The conference committee that will negotiate the reconciliation of the financial reform bills passed by the US House of Representatives and Senate met for the first time yesterday (Thursday June 10).
In his opening speech to the committee, Senator Patrick Leahy, chairman of the senate judiciary committee, urged both houses to hold strong on derivatives reform.
“I want to congratulate Agriculture chairwoman Blanche Lincoln and Banking Committee chairman Chris Dodd for shepherding this significant piece of legislation through the United States Senate,” Leahy, a Democrat from Vermont, began.
“Getting to this point was no small feat, and Senators Lincoln and Dodd – along with majority...