House action by Friday?
December 6, 2009 | federal legislation, industry, regulation | Comments (0)From The Hill newspaper:
The full House is expected to vote by Friday on a wide-ranging package to regulate risks across the financial system, impose new curbs on the multi-trillion dollar derivatives market and give the government tools to dissolve failing financial firms.
House Financial Services Committee Chairman Rep. Barney Frank (D-Mass.), who has spearheaded the effort, is ironing out final changes to the bill, titled the “Wall Street Reform and Consumer Protection Act of 2009.
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