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Swaps push-out repeal garners mixed reviews
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Legislation
Tuesday, December 23, 2014
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Section 716 of the Dodd-Frank Act, which prohibits government bailouts of swap entities and requires insured banks to get rid of derivatives trading business, was repealed when Congress passed and President Obama signed the 2015 spending bill. The repeal has received mixed reviews between industry leaders and members of Congress.
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