CSPAN Key Capitol Hill Hearings December 2, 2014
Mr. Gibson and i joined together to introduce legislation that clarified rules under the doddfrank act with regard to margin clearing and reporting requirements of interaffiliate transactions. What that means is a lot of main street businesses in various industries from agriculture to Consumer Products that work across International Boundaries use this central treasury unit structure to offset competing or offsetting risks and that way they can decide what their total aggregate risk is and then make it much more affordable for a corporation. Unfortunately the way the rules were interpretted by...
Source: archive.org
