On July 15, 2010, the United States Senate passed the House-approved Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), which was signed by President Obama on July 21, 2010.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act"), which became law on July 21, 2010, brings wide-ranging and radical change to the United States financial regulatory system.
On July 21, 2010, after several weeks of deliberations in the Senate and the House of Representatives, President Obama signed HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act.
On Thursday, July 15, 2010, the Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act by a vote of 60-39.
The U.S. House of Representatives recently passed legislation that changes the nation’s financial regulatory system.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, proposed financial regulatory reform legislation of a size and scale not seen since the early 1930s, was reported out of a congressional conference committee on June 25 and will likely soon be voted on by both the full House and Senate.
Today, the House-Senate Conference Committee met for its fifth day of negotiations on the Restoring American Financial Stability Act of 2010, focusing on Title VI of the Senate base text, Improvements to Regulation of Bank and Savings Association Holding Companies and Depository Institutions.
This memorandum is organized topically, following the order of the Senate Bill's titles, but it does not necessarily follow the section-by-section order of the Senate Bill's text.
In the wake of the historic melt-down of the economy, Congress is close to adopting legislation to restructure the financial services regulatory system.
On March 15, the Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, Christopher Dodd (D-Connecticut), unveiled a long-awaited financial reform proposal The Restoring American Financial Stability Act of 2010 intended to overhaul the nation’s financial regulatory system.