The House Financial Services Committee has prepared a single legislative piece that provides for a comprehensive set of financial reforms incorporating major bills recently passed by the Committee. The Wall Street Reform and Consumer Protection Act contains, among other provisions, regulations relating to over-the-counter derivatives, including a requirement to clear all standardized derivatives and trade them on an exchange or electronic platform. This requirement would not apply to end-users utilizing derivatives for hedging against business and commercial risks. The comprehensive legislation also includes provisions requiring investment advisers to hedge funds and other private pools of capital to register with the Securities and Exchange Commission. The consolidated bill is expected to go to the House floor for debate and consideration as early as this week. The text of the bill and the summaries of its pieces may be accessed by clicking here.