AFR sent a letter to the House voicing our strong opposition to HR 2586, the “Swaps Execution Facility Clarification Act”. HR 2586 would undermine a key element of derivatives reform – the attempt to create transparent, competitive markets for previously ‘dark’ over-the-counter (OTC) derivatives.

AFR and CFA sent a join letter to the House urging members to vote NO on the final passage of the JOBS Act.

AFR sent a letter to the House this morning urging members to oppose HR 3283. HR 3283 would allow U.S. banks to evade Dodd-Frank derivatives regulation by dealing through their foreign subsidiaries. This could fatally undermine derivatives oversight.

AFR sent a letter to the House, urging opposition to HR 2779 and HR 2682, two harmful derivatives bills which are inaccurately being presented as ‘technical amendments’ necessary to correct minor issues in the Dodd-Frank Act.

Click here  to view this week’s highlights and lowlights in Wall Street Reform – March 17, 2012 – March 23, 2012.

U.S. PIRG sent a letter to the Senate this morning, echoing AFR’s letter supporting both the Reed and the Merkley-Bennet-Brown Amendments and urging members to vote NO on the JOBS Act.