Dodd-Frank Wall Street Reform passes Senate and heads to White House

July 15th, 2010

Written by Frost Mortgage

“The U.S. Senate has announced the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (HR 4173) by a vote of 60-39. The 2,300-plus-page bill, HR 4173, is intended to address the problems that led to our nation’s economic collapse, will add new regulators to analyze any potential economic crisis situations in the future; create a federal bureau in charge of consumer protection; and adopt new regulations designed to end the practices that contributed to the American economic downturn.”

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This entry was posted on Thursday, July 15th, 2010 at 2:16 pm and is filed under Announcements, Economy, Legislation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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