CFTC Derives Ban on Campaign Contributions - State and Federal Communications

December 10, 2010  •  

CFTC Derives Ban on Campaign Contributions

The U.S. Commodity Futures Trading Commission has proposed a ban on political contributions from banks which arrange derivative trading with federal, public, and municipal agencies. The banks would be prohibited from making campaign donations to public officials who have the power to award work to the banks.

The commission voted unanimously to seek public comment on December 16 with the view to complete the regulations by 2011.

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