SENATE

•Derivatives. The Senate bill contains language pushed by Sen. Blanche Lincoln (D-Ark.) that would force banks to spin off their derivatives businesses into separate business entities. It also pushes most derivatives trading on to public exchanges and subjects them to federal regulation.

• Volcker Rule. The Senate bill prohibits banks from engaging in proprietary trading (speculation with their own money) but gives federal agencies latitude to make exemptions, a loophole some senators tried to kill. • Federal Reserve. Senate avoids the tough House language but does include a provision for examining the Fed’s work during the financial crisis of the last three years. • Consumer Financial Protection Agency. Senate places the agency inside the Fed with a presidentially-appointed head. • Car loans. Senate bill does not exempt car loans from the agency’s remit, but conferees may head into the committee having been explicitly instructed to do so in a vote Monday.

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