On January 12, 2015 President Obama signed S.2244 which included an unrelated provision of critical importance to derivatives end-users. Under the original language of Dodd Frank, derivatives end-users were exempt from mandatory initial margin requirement. However, under Basel III, banking regulators were proceeding down a path to impose them. In a timely and important move, this new legislation cleanly resolves the issue in a way favorable to business generally and derivatives end-users in specific.