The Chamber of Deputies moved on the Stock Exchange Bill yesterday. The bill that seeks to provide a regulatory framework for stock market operations in the DR now passes on to the Senate. Today, the local stock market primarily deals in commercial paper. These transactions have been invaluable for companies seeking alternatives for longer term and lower cost financing. News reports say that the Senate is in favor of passing the bill that if converted into law is expected to be very positive for local companies development. News reports, nevertheless, say that the Senate is lagging behind its usually slow work pace regarding major bills, especially with the presidential election only three months away.
