LeMieux Amendment Passed

Robert Waldmann

I completely missed this.

From the final House Bill, click through (I can’t direct link) or find in the pdf “SEC. 6009. REMOVAL OF STATUTORY REFERENCES TO CREDIT RATINGS.” This removes the references to NRSRO from federal agencies and the law.

The LeMieux amendment is the language of SEC. 6009 from the House moved over, language which was missing in the Senate bill.

That is all statutary references to NRSROs are removed by both bills now being merged in the conference committee. Conference committees can do what they want, so the NRSRSOs aren’t deposed yet, but this is huge news and I completely missed it.

h/t Matthew Yglesias

Update: Robert beat me to it. See LeMieux-Cantwell