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Her proposal would make it illegal to enter into a derivatives contract that had not been cleared through an exchange, other than contracts specifically exempt from the law.
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The study, which was posted on the Web site of The Archives of Internal Medicine, found that most medical devices that were the subject of high-risk recalls from 2005 to 2009 had been cleared through a regulatory pathway that requires little, if any, testing.
At a news conference at the Racecourse, it was announced the debt had been cleared through a combination of donations and loans.
Sheriff Arpaio has denied the claims of racial profiling and has said that allowing a court monitor would mean that every policy decision would have to be cleared through an observer and would nullify his authority.
The bill would also create a new consumer protection agency within the Fed; require derivatives trading to be cleared through an exchange; and strengthen oversight of credit rating agencies.
The samples were cleared through an ethanol-xylene series, embedded in paraffin, and processed into 5 μm serial sections on a rotary microtome.
The device was cleared through a regulatory pathway that did not require it to undergo clinical trials.
Rather than lending directly to borrowers, all the trades are cleared through a central platform, which reduces counterparty risk.
Mr. Harkin is pushing legislation that would require all over-the-counter derivatives trades to be cleared through a regulated exchange.
The contracts must also be cleared through a third party, an intermediary who guarantees that if one party defaults, the investor holding the other side of the trade will still be paid.
Under the legislation, most derivatives trades would have to be cleared through a middleman to ensure that the bankruptcy of one party to a contract would not put the other party out of business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com