7.10.2009 Congresswoman Maxine Waters introduced the Credit Default Swap Prohibition Act of 2009, citing concerns that current regulatory reform proposals would require central-counterparty clearing but would provide exceptions to supervision over customized credit default swaps. Congresswoman Waters introduced the bill to prohibit these financial instruments.

Click http://www.house.gov/apps/list/press/ca35_waters/creditdefaultswapban.html to access Congresswoman Waters’ press release.