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Rep. Peterson authors derivatives bill for discussion

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Draft legislation to regulate the market for over-the-counter derivatives was introduced late last week by U.S. Rep. Collin Peterson, DFL-7th District.

Peterson, chairman of the U.S. House Agriculture Committee, said the draft is a starting point for discussion in a turf battle that includes the White House, the Ag Committee and the House Financial Services Committee chaired by Rep. Barney Frank, D-N.Y.

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