Word: amendmenteers
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It is imperative that derivatives trading be shifted to exchanges where such trades can be monitored and regulated, and the legislation had been moving in this direction. However, Arkansas Senator Blanche Lincoln has now introduced an amendment to the legislation that will cause banks to spin off their derivatives trading...
Another provision in the legislation that has become popular in recent days is a measure to “audit” the Federal Reserve and open information about its operations to the general reserve. The measure, passed yesterday by the Senate, and proposed by Vermont Senator Bernie Sanders would...
Had the second amendment passed, Executive Board members’ terms would not be extended by an additional semester before being subject to re-election through the special elections held in February.
Both amendment proposals had ignited debate at the time of their introduction at last week’s UC meeting, sparking discussion on the democratic legitimacy of existing UC Executive Board re-election policies.
In addition to the adoption of a constitutional amendment, the UC also passed legislation on Monday night to hire a web developer for $1,000 to create a new UC website, to be completed by next fall.