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Congress largely scraps the Dodd-Frank push-out rule

23 December 2014

As widely reported, the U.S. Congress added a rider to its year-end government appropriations authorization that significantly narrows and weakens the “swaps push-out rule” contained in the landmark Dodd-Frank Act.  Although the implementation of the Dodd-Frank Act has been slower than its advocates have desired and has faced some judicial challenges, this is the first significant roll-back of any statutory requirement of the Act.