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Article: Soft Dollars Take Back Seat on the Hill.
- Article from:
- Traders
- Article date:
- April 1, 2004
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Congressional lawmakers are unlikely to make changes in soft-dollar practices this year, according to Congressional sources.
That's because the clock is ticking in an election year and because two of the key Capitol Hill chairmen have affirmed that they don't want soft dollars killed. They also said that they favor greater disclosure and reform of the controversial practice, but they don't favor its abolition.
"Absolutely not," Peggy Peterson, deputy staff director and a spokeswoman for Rep. Michael Oxley (R-Ohio), the chairman of the House Financial Services Committee, told Traders Magazine. "He has said again and again that they should be reformed, but ...