Re: CFTC Legislation

I want to underscore that moving just the banking stuff to a bill to pass
this year is VERY bad and something we should vehemently oppose.

Chris Long@ENRON
10/31/2000 08:05 AM

To: James D Steffes/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT
cc: Tom Briggs/NA/Enron@Enron
Subject: Re: CFTC Legislation

Jim - The CEA legislation has died and risen again so many times over the
last two weeks. As of yesterday, Senator Gramm (the one obstacle to final
passage) told a group of banking lobbyist that he opposes the legislation in
full, but would consider moving the legal certainty provisions for banking
swaps. This is not good for us and it is not good for the entire
legislation. We are still trying to discern what exactly Gramm wants and
what he is up to. We should know by later today the ultimate fate of the
bill.

I'll keep you in the loop.

James D Steffes
10/30/2000 09:41 AM

To: Chris Long/Corp/Enron@ENRON
cc:
Subject: CFTC Legislation

Chris --

Can you give me a quick update on where we stand with CFTC Reauthorization?

Jim