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: JURIST - The Paper Chase

US Senate approves financial reform legislation

By Hillary Stemple

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[JURIST] The US Senate [official website] on Thursday passed the Restoring American Financial Stability Act of 2010 [S 3217 materials], focused on increasing regulation in the financial sector following the recent economic crisis [JURIST news archive]. The bill creates a new regulatory council to monitor financial institutions in order to prevent the companies from becoming "too big to fail." It also gives the Federal Reserve [official website] the power to supervise the largest financial compan read more

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Full post as published by JURIST - The Paper Chase on May 21, 2010 (boomark / email).

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