End-User Margin Exemption Passed As Part of Terrorism Risk Insurance Bill
Washington – Business Roundtable President John Engler today issued the following statement on congressional passage of a provision to prohibit regulators from imposing margin requirements on non-financial end-users of derivatives. The measure was included in H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIA), which passed the House on Wednesday and the Senate today with overwhelming bipartisan support:
“America’s business leaders welcome congressional approval today of a much-needed regulatory fix that will allow companies to continue using their capital for business investment and hiring.
“By using derivatives, non-financial end-users can effectively protect their operations against market volatility, while managing business risk.
“President Obama should sign this bill without delay.”
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