Alt-Coin Trader

The Wall Street Reform Bill Passes Out of House Committee


The House Financial Services Committee is sending a massive Wall Street reform bill to the House floor next week: "The Wall Street Reform and Consumer Protection Act of 2009" (here's a link to a PDF of the bill).

The bill is a bundle of the different pieces of reform that were passed separately out of committee. The six major pieces and pertinent subsections are:

  • Financial Stability Improvement Act
    • The Financial Services Oversight Council
    • Prudential Regulation of Companies and Activities for Financial
      Stability Purposes
    • Improvements to Supervision and Regulation of Federal
      Depository Institutions
    • Further Improvements to the Regulation of Bank Holding
      Companies and Depository Institutions
    • Improvements to the Federal Deposit Insurance Fund
    • Improvements to the Asset-backed Securitization Process
    • Enhanced Dissolution Authority
    • Additional Improvements for Financial Crisis Management
  • Corporate and Financial Institution Compensation Act
  • Over-the-Counter Derivatives Markets Act
  • Consumer Financial Protection Agency Act
  • Private Fund Investment Advisers Registration Act
  • Accountability and Transparency in Rating Agencies Act
  • Investor Protection Act
  • Federal Insurance Office

  • Read More
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