The Economist (July 1)
2010/ 07/ 02 by jd in Global News
Financial reform in the U.S. moved a step closer. The House of Representatives passed the 2,319-page Dodd-Frank Wall Street Reform and Consumer Protection Act. A vote in the Senate is expected later in July. Many are calling this legislation the biggest overhaul of the financial system since the 1930s. The Economist believes the act “does make progress,” though it “is an incomplete remedy.” That so much reform is nearly accomplished, however, shows the great motivation provided by the financial crisis.
Tags: Congress, Dodd-Frank Act, Financial Reform
