WASHINGTON - A bill that would modernize the Commodities Exchange Act got mixed reviews from regulators testifying on Capitol Hill Wednesday.

At a House Commerce finance subcommittee hearing, Federal Reserve and Treasury officials urged lawmakers to support the Commodities Futures Modernization Act of 2000. However, Securities and Exchange Commission Chairman Arthur Levitt warned that, as written, "the bill presents serious and unwarranted risks to the investing public and our securities markets."

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