Congress looks to close ‘Enron loophole’ in trading

WASHINGTON

“We are putting back the cop on the beat,” said Sen. Carl Levin, a Michigan Democrat who sought the legislation along with Sens. Dianne Feinstein, D-Calif., and Olympia Snowe, R-Maine.

The provision was included in a $290 billion farm bill that was sent to President Bush with broad support. Both the House and Senate passed the bill with large margins, meaning it would be expected to override a threatened veto by the White House.