House Financial Services Committee Chairman Barney Frank has bundled 9 major pieces of financial services legislation in one 1,279-page bill, H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009.
The measures squeezed into the bill include the Financial Stability Improvement Act, which could add a layer of "systemic risk" regulation for large insurers; a capital markets section, which includes sweeping changes in the laws governing rating agencies; and the Federal Insurance Office legislation.
The bill is set to come up for debate on the House floor Wednesday.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.