Today the Committee on Capital Markets Regulation issued a fact statement on Section 716 of the Dodd-Frank Act, also known as the swaps pushout rule. The statement finds that there are far better measure of risk for the swaps covered by the December 2014 amendment to the swaps pushout rule than the $14 trillion notional  estimate by Senator Elizabeth Warren (D-MA). The statement explains precisely how and why these alternative measure are better estimates of risk.

A PDF of the statement can be downloaded here.