On August 18th, the SEC and CFTC requested comments on whether stable value contracts ("SVCs") should be considered swaps. The Dodd-Frank Act mandates that the CFTC and SEC conduct a study on SVCs and, if the agencies conclude that SVCs are swaps, determine whether they should be exempted from swap regulations. Comments should be submitted within 30 days after publication in the Federal Register, which is expected during the week of August 22. SEC Release No. 34-65153; Joint Press Release.