Recind the Treasjury's decision to exempt Foreign Exchange Swaps and Forwards from the Dodd Frank Reform Law rules

The exemption invites disruption, in that traders may be able to escape regulation by structuring various derivatives deals to fall under the exemption. The Treasury has pointed out that such manipulation would be illegal, but what would stop it when regulatory enforcement resources are already stretched? It is much more likely that the exemption will create another regulatory challenge without providing the resources to address it. ...unless the Treasury reverses course, these deals will not be fully regulated until a future crisis forces the issue.(The New York Times)