2013-05-30 — theweek.com
A bill called the Swaps Regulatory Improvement Act recently sailed through the House Financial Services Committee. But when The New York Times went through emails from a lobbyist to the congressmen who wrote it, the paper discovered an unofficial co-author: Citigroup.
It turns out that recommendations from Citigroup made up 70 of the bill's 85 lines, with two important paragraphs copied almost verbatim -- save for two words that were changed to make them plural, according to the Times.
The bill takes aim at the 2010 Dodd-Frank Act, the financial regulatory reform bill that was meant to prevent a repetition of the 2008 financial crisis.
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