Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > Behavioral Finance

Senate Passes Financial Reforms Bill 59-39

Your article was successfully shared with the contacts you provided.

The Senate passed its version of the mammoth financial services reforms bill, the Restoring American Financial Stability Act, S.3217, in a 59-39 vote on an evening of May 20, according to C-Span.

The vote was largely along party lines although two Democrats voted against it, and four Republicans voted for it, C-Span reported. It was a swift move that took many watchers by surprise, as the Senate voted for cloture in the afternoon of May 20, and then with debate cut off, passed this version of the legislation. The Senate and House now will have a conference to reconcile their respective versions of financial reforms.

Comments? Please send them to [email protected]. Kate McBride is editor in chief of Wealth Manager and a member of The Committee for the Fiduciary Standard.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.