‘Push-out’ provision modification legislation earns bipartisan support

Several legislators have gotten behind a bipartisan effort to modify the “push-out” provision in the Dodd-Frank Act to ensure that federally insured financial institutions can continue to conduct risk-mitigation efforts for clients like farmers and manufacturers that use swaps to insure against price fluctuations. A similar effort failed to reach a vote last year, but the idea is gaining support. Read on for the details of the legislation and to see who is throwing their support behind it.