Print this page
Print this page
|
Close this window
Close this window

 

WALL STREET REFORM CONFERENCE UPDATE

June 21, 2010

Washington –Last week was a successful week for the House and Senate conferees for the bill to bring accountability to Wall Street.  The bill creates a new consumer financial protection watchdog, ends too big to fail bailouts, sets up an early warning system to predict and prevent the next crisis, and brings transparency and accountability to exotic instruments such as derivatives.
 
The following is a summary of the many provisions agreed to during the House-Senate conference last week.
 
A list of House and Senate offers and counter offers can be found by clicking here, but please note that there are still open items in each title, and nothing will be final until the conference report is signed by the conferees at the end of this week. 
 
The House-Senate conference will continue its negotiations on the Wall Street Reform and Consumer Protection Act tomorrow at noon in room SD-106, Dirksen Senate Office Building.
 
Title III
AGREED TO - THRIFT PROVISIONS
AGREED TO – New Offices of Minority and Women
 
AGREED TO – Deposit Insurance Reforms: Permanent increase in deposit insurance for banks, thrifts and credit unions to $250,000, retroactive to January 1, 2008. 
 
 
Title IV: - RAISING STANDARDS AND REGULATING HEDGE FUNDS
AGREED TO
Title V: INSURANCE
AGREED TO
Title IX
AGREED TO - NEW REQUIREMENTS AND OVERSIGHT OF CREDIT RATING AGENCIES
 
AGREED TO - EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE
 
 
AGREED TO - SEC AND IMPROVING INVESTOR PROTECTIONS
AGREED TO - BETTER OVERSIGHT OF MUNICIPAL SECURITY ISSUER ADVISORS
  
Title XI: AGREED TO - STRENGTHENING THE FEDERAL RESERVE
 
 
###
Print this page
Print this page
|
Close this window
Close this window