“Wall Street Reform” Legislation Headed to President’s Desk
Issue: Financial Services Regulatory Reform
Date: July 15, 2010
Action Taken: By a vote of 60 to 39, the U.S. Senate today approved H.R. 4173, the House/Senate compromise legislation which will overhaul the regulation of the financial services industry. The House passed the bill on June 30 by a vote of 237-192
Background: For the better part of the last two years, Congress has been working to enact legislation to address the causes of the financial crises facing the nation and to use the opportunity to enact additional reforms. NAIFA was involved in the process from the very beginning and successfully worked to ensure the interests of NAIFA members were represented and addressed in the process. The final bill includes many important provisions that are the result of that work. Click here to review an analysis of those provisions and how they will impact you.
Next Steps: The bill now heads to the President’s desk, where it is expected that it will quickly be signed into law.
NAIFA Staff Contact: Jill Edwards, Assistant Vice President – Federal Government Relations, at jilledwards@naifa.org.
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