Reps. Michael Grimm, R-N.Y., Austin Scott, R-Ga., Bill Owens, D-N.Y., and Gary Peters, D-Mich., introduced a bill today to modify the Dodd-Frank financial services law so that if an entity qualifies for a clearing exemption, regulators cannot impose a margin requirement.

House Agriculture Committee Chairman Frank Lucas, R-Okla., endorsed the bill, saying that Congress did not intend to make end users of derivatives subject to margin requirements.

The Commodity Futures Trading Commission is in the process of implementing the Dodd-Frank law.