Two Fences Will Write Police Procedure For Catching Burglars: 'Ferget It, Jake; It's The Senate....'

[The Magistrate]

Lawmakers on the Senate Agriculture Committee are crafting new rules to oversee the vast, unregulated derivatives market, legislation that could become a central element of a larger regulatory overhaul effort currently headed to the Senate floor.

Committee Chairman Blanche Lincoln (D-Ark.) and ranking Republican Saxby Chambliss (Ga.) plan to shepherd a bipartisan bill through their committee soon after Congress returns from its two-week April recess. Lincoln said in a recent speech that she expects the legislation to be incorporated into a wide-ranging package, spearheaded by the Senate banking committee's chairman, Christopher J. Dodd (D-Conn.), aimed at revamping the nation's financial regulatory system.

http://www.washingtonpost.com/wp-dyn/content/article/2010/04/01/AR2010040103685.html