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Home » Store » Taxable » Lawmakers Seek Fed, Treasury Views on Early Enactment of Netting Legislation

Lawmakers Seek Fed, Treasury Views on Early Enactment of Netting Legislation

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The economic uncertainties resulting from the Sept. 11 terrorist attack against the United States have prompted a bipartisan effort to reexamine a proposal to enact financial contract closeout and netting legislation separately from bankruptcy reform legislation. Reps. John LaFalce, D-NY, Paul Kanjorski, D-PA, and Richard Baker, R-LA, this week jointly voiced their concerns to the Federal Reserve Board and the Department of the Treasury
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