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External Meetings: Meeting with Assured Guaranty
James Michener (Assured Guaranty)
Bruce Stern (Assured Guaranty)
Sean McCarthy (Assured Guaranty)
Micah Green (Patton Boggs)
The Chairman began by summarizing the legislation. Representatives of Assured Guaranty then raised questions specifically concerning the definition of a swap. In particular, they asked how rulemaking pursuant to Dodd-Frank would treat instruments like bond insurance, financial guarantee insurance, and contracts for differences.