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US Senate Republican calls for strict swaps rules

Reuters, by Roberta Rampton Posted By: teddyd49- Sun, 25 Apr 2010 12:15:06 GMT WASHINGTON ' A Senate Republican has called for the "strongest" derivatives rules, signaling that Democrats may get the votes needed to start debating their sweeping financial regulation bill on Monday. Just days before the Senate was due to vote to start working on Democrats' legislation, Senator Olympia Snowe said that strong derivatives regulation goes to the heart of an effective financial reform bill. (Snip) Democrats need to convince at least one of the 41 Republican senators to vote with them in order to start debating a bill to impose new

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