Washington – Business Roundtable President John Engler today applauded passage of legislation that exempts non-financial end-users that employ centralized treasury units (CTUs) from clearing requirements. Congress approved the fix to the Dodd-Frank Act as part of the year-end spending bill.

“Congress has made it easier for businesses to use CTUs to manage risk which, in turn, limits broader economic risk – and that’s going to help encourage investment, expansion and hiring,” Engler said.

“We applaud Congress for this latest Dodd-Frank fix. Congress has now fully enacted the Business Roundtable financial derivatives reform agenda. Non-financial companies that use derivatives to reduce risk will no longer be subject to these needless, costly regulations.”

Business Roundtable is a founding member of the Coalition for Derivatives End-Users, which has long advocated for these reforms to the Dodd-Frank Act.

Earlier this year, Business Roundtable released an economic growth agenda that calls for tax reform, trade expansion, fiscal stability, infrastructure investment and a smarter approach to regulation – including reform of derivatives regulation – so that America can reach its full potential.