Mr. Gibson and i joined together to introduce legislation that clarified rules under the doddfrank act with regard to margin clearing and reporting requirements of interaffiliate transactions. What that means is a lot of main street businesses in various industries from agriculture to Consumer Products that work across International Boundaries use this central treasury unit structure to offset competing or offsetting risks and that way they can decide what their total aggregate risk is and then make it much more affordable for a corporation. Unfortunately the way the rules were interpretted by the commodities futures trading commission, these companies were being charged double or triple the cost by imposing these Central Clearing unit ways of managing risk. It just didnt make sense and it actually cost them more money. And these companies did not add systemic risk. Thats what the rules on swaps were all about is to make sure we reduce systemic risks. These companies are using these co
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