Congressman Crawford Introduces Swap Market Transparency Bill in Agriculture Committee
March 14, 2013
Congressman Rick Crawford (R-AR) made the case for legislation he drafted to fix a Dodd-Frank provision that threatens to undermine transparency and systemic risk mitigation in the global derivatives market. Crawford questioned U.S. Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler about the need for such legislation. Crawford's bill, H.R. 742, the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013 received bipartisan support during the House Agriculture Committee Hearing today that examined legislative improvements to Title VII of the Dodd-Frank Act.