Wall Street Gets Bipartisan Help in its Fight Against SEC's Swaps Rule

Also, Maxine Waters has an ambitious agenda for final month as chair; a go-to law firm for companies facing proxy battles says one business went too far

A bipartisan group of lawmakers is urging SEC Chair Gary Genlser to dial back a controversial swaps rule, giving a big boost to the hedge funds and banks fighting the plan.

The 15 House Financial Services Committee members told Genlser that his idea of making firms reveal their swaps positions could upend financial markets at a time when the U.S. is faci…