Agriculture Committee Representatives Support CFTC Approval of Utility Swaps Rule

Chairman of the House Agriculture Committee and Representative Frank Lucas (R-OK) and Representative Doug LaMalfa (R-CA) both issued statements in support of the CFTC's vote to exclude utility-operations-related swaps with utility special entities from the de minimis threshold for swaps with special entities. The Final Rule for Utility Swaps is aimed at preserving the ability of natural gas and electricity utilities to enter into swaps transactions to hedge their risks.

See: House Ag Committee Press Release (Including Statements).Related news: CFTC Finalizes Rule on Swaps with Special Entity Utilities (September 17, 2014).

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