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Published on May 13, 2010
On May 12, 2010, Senator Maria Cantwell made a speech on the Senate floor about the importance of derivatives reform. Following her speech, the Senate voted 59-39 to defeat an amendment that would have greatly weakened derivatives legislation supported by Cantwell and Democratic Senate leaders. The amendment proposed by Senator Saxby Chambliss (R-GA) and backed by other Republican members, sought to water down legislation toughening regulation of the derivatives market. More information: http://cantwell.senate.gov/news/recor...