financial reform

PRESIDENT SIGNS WALL STREET REFORM BILL TO HELP CONSUMERS & BUSINESS OWNERS

 

By Miriam Raftery

July 22, 2010 – President Barack Obama has signed into law H.R. 4175, a landmark reform measure that “cracks down on corporate fraud and holds big banks accountable for reckless, risky behavior,” said Senator Patrick Leavy (D-Vermont.)
 

WALL STREET REFORM & CONSUMER PROTECTION ACT PASSES SENATE, HEADS TO PRESIDENT FOR SIGNATURE

 

Consumer and retail industry leaders praise bill’s passage; San Diego’s Congressional delegation’s votes split down party lines

By Miriam Raftery
 

July 15, 2010 (Washington D.C.) – Moments ago, the U.S. Senate passed HR 4175, a landmark reform measure that “cracks down on corporate fraud and holds big banks accountable for reckless, risky behavior,” said Senator Patrick Leavy (D-Vermont), author of the bill which is expected to be signed into law by President Barack Obama later today.
 

Business Wire reports that National Retail Federation senior vice president Mallory Duncan praised passage of the bill, titled the Wall Street Reform and Consumer Protection Act. “This is a landmark step forward in protecting Main Street against the excesses of the banking industry,” he said.

BOXER WINS NEAR-UNANIMOUS PASSAGE IN SENATE OF AMENDMENT TO PREVENT TAXPAYERS FROM BAILING OUT WALL STREET

May 8, 2010 (Washington D.C.) – In today’s politically divisive climate, it’s rare for Senators to unite on any issue. But an amendment by Senator Barbara Boxer (D-CA) to Wall Street reform legislation to ensure that no taxpayer funds will be used to bail out financial institutions has passed by a 96-1 vote.

 
“By passing this amendment, we make it clear – in law – that taxpayers will never again bail out Wall Street firms for their costly mistakes,” Boxer said.