Can we hedge in American accounts now?
US to ease crisis-era Dodd-Frank banking rules
The House of Representatives voted 258-159 to approve the measure, sending it to the president to sign into law. The bill, which won some bipartisan support, reduces the oversight requirements for banks with less than $250bn in assets, among other measures. The legislation is a victory for the Republican Party, though it does not go as far as some had hoped. Supporters of the new legislation, which passed the Senate in March, say the reform will help small to mid-sized banks, without gutting crisis-era protections. Support came primarily from Republicans, but 33 Democrats also voted for the measure. Republicans, ... (full story)