Sen. Tim Johnson Says Dismantling Dodd-Frank Is ‘Dangerous’
At a hearing conducted Tuesday by the Senate Committee on Banking, Housing, and Urban Affairs, the committee's Democratic chairman Tim Johnson, D-S.D., said that tearing down the Dodd-Frank reform law of 2010 "would be dangerous and irresponsible."
Senator Shelby Not Swayed by Fed Nominee's Nobel Prize
Sen. Richard Shelby, the highest-ranking Republican on the Senate Banking Committee, said he plans to oppose the Massachusetts Institute of Technology professor's nomination to the Fed for a third time.
Dodd-Frank Slowdown Would Not Ease SEC's Budget Woes, Schapiro Tells Senate
SEC chief refutes Senate Republicans' claim that putting the brakes on approving Dodd-Frank rule proposals with a more "rigorous" analysis would save the SEC money.
Outlook 2011, Regulation & Legislation: Advisors Brace for Dodd-Frank, New Committee Chairmen
Implementation of Dodd-Frank, new congressional chairmen and scores of compliance chores will keep advisors busy throughout the New Year.
Retained Asset Accounts Is Focus of Senator Shelby's September Hearing
NAIC working group releases consumer alert on the accounts.
Senate Passes Landmark Financial Services Reform Bill
The Senate passed Thursday, July 15, the massive 2,300-page financial services reform bill; the bill now goes to President Obama for his signature, which is expected in the coming days.
SENATE PASSES LANDMARK FINANCIAL SERVICES REFORM BILL
Bill heads for President Obama's signature; the $19 billion Wall Street reform will be covered by ending the Troubled Asset Relief Program (TARP) and by charging an extra premium to large banks by the Federal Deposit Insurance Corp. (FDIC).
Next Steps for Congressional Action
As Investment Advisor went to press in mid-May, lobbyists and Congressional staffers were optimistic that the Senate would finish a vote on Senator Christopher Dodd's...
Dodd Bill Cloture Vote Fails in Senate; Democrats Will Try Again Thursday
The cloture vote failed in the Senate on Wednesday, May 19, as Democrats did not garner enough votes to finish debate on Senator Christopher...
Cloture Vote Fails in Senate on Dodd Bill; 2d Vote Expected Later in Week
Senate Republicans block debate on the financial services reform bill April 26, the GOP also vowed the same day to introduce an alternative financial services reform bill. A second vote is expected this week following more negotiations