Tag: Financial Regulation

JOSEPH LAW NEWSBRIEF – Financial Regulation Update: Community Banks and Main Street Scoring Well Against Wall Street However Unknowns Persist

  The U.S. Senate continues to debate the Dodd Bill also known as the Restoring American Financial Stability Act of 2010 (S. 3217).  Since the original procedural logjam was broken in the Senate on May 5, 2010, the Senate has debated twenty amendments and approved eleven changes. A few of the most important substantive votes have been widely reported such as the Shelby-Dodd Amendment, related to the “to big to fail” debate and the Sanders amendment regarding approval of a one-time audit of the Federal Reserve Board.  Few other amendments have received much fanfare, but they provide a glimpse of