BLOOMBERG NEWS--Members of the Senate Agriculture Committee on Wednesday swiftly approved a bill that would establish oversight of the vast financial derivatives market, putting in place one of the key remaining pieces in a wide-ranging package of new financial regulations currently headed to the Senate floor.
After two hours of debate, committee members voted 13 to 8 in favor of a bill put forth by Chairman Blanche Lincoln (D-Ark.). The vote included support from a lone Republican, Sen. Charles E. Grassley (Iowa).
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