Today Senate Agriculture, Nutrition and Forestry Committee Chairman Blanche Lincoln (D-AR) unveiled her derivatives regulation draft bill called the “The Wall Street Transparency and Accountability Act of 2010.” The draft legislation addresses such issues as clearing and trading requirements and real-time reporting of derivative trades. The Senate Agriculture Committee, which will mark-up the draft bill next week, has jurisdiction over the Commodity Futures Trading Commission which oversees the derivatives market. Today's release of draft legislation comes after Senate Banking Committee Chairman Christopher Dodd (D-CT) released his own draft bill on March 15, 2010 and is expected to be taken up on the Senate floor in the coming weeks.

Click here for the draft legislation, click here for a summary, and click here for today's press release.