The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. June 14, 2013 U.S. House Backs Bill Exempting Overseas Trades from New Regulations --------------------------------------------------------------------- The U.S. House of Representatives meanwhile has passed a bill that would allow U.S. banks to skirt new financial regulations on derivatives trading by moving such operations overseas. Critics say the move could trigger another financial crisis by allowing risky deals to continue abroad. But some financial reformers are claiming a half-victory because a majority of Democrats voted against the bill despite Wall Street pressure. The policy director of Americans for Financial Reform told Mother Jones magazine, "I'm pretty psyched... A majority of Democrats voted against a pro-Wall Street bill ... even though it was co-sponsored by Democrats." .