Redoubling Efforts on the Financial Reform Debate: House Approaches Floor Vote, While Senate Gets Underway
By: Daniel F. C. Crowley, Bruce J. Heiman, Karishma Shah Page, Collins R. Clark, Justin D. Holman
Over the past several weeks, Congress has accelerated the financial regulatory reform effort, which will dramatically restructure the legislative and regulatory framework that governs the financial services industry. Late last week, House Financial Services Committee Chairman Barney Frank (D-MA) announced that the Committee will complete its markup of the financial regulatory reform bills by November 20.
As the House approaches Floor consideration of the regulatory reform package, the Senate is getting underway with its parallel effort. On November 10, Senate Banking Committee Chairman Chris Dodd (D-CT), who until recently had been working in conjunction with Ranking Member Richard Shelby (R-GA), released a discussion draft in the form of a single large bill.
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