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Sen. Lincoln to Modify Derivatives Bill-

JUNE 14, 2010, 6:06 P.M. ET Senator Pitches a Tamer Bank Bill

A key senator who has championed strict rules on derivative trading for banks has offered a retooled version of her plan that would allow banks to keep derivatives-trading businesses but could force them to raise billions in capital to do so.

Regulators had opposed the original plan by Senate Agriculture Committee Chairman Blanche Lincoln (D., Ark.) which initially appeared to force banks to get rid of their derivatives businesses entirely.

The new proposal, which is opposed by Wall Street, is more likely to pass Congress. The two-page plan from Sen. Lincoln is one of the first in what is expected ...
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