The House of Representatives just voted to approve the Wall Street Reform and Consumer Protection Act of 2009. The 1,279 page bill (pre-amendment) was approved 223-202 in the House and now must wait for the Senate to approve its version of a Wall Street Reform Bill.
Previously, this blog has discussed various provisions in both the House bill and the Senate bill.
Time Magazine writer Justin Fox discusses the House version of the bill here:
http://curiouscapitalist.blogs.time.com/2009/12/11/they-passed-it-they-really-passed-it/
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Professor cummings,
ReplyDeleteHow are you doing? Thank you again for a wonderful post! It will be interesting to see what emerges from the Senate on this front. In the midst of the healthcare reform debate I wonder whether the Senate will get anything done by the end of the year.
Presidential scholars and political scientists often write about a President taking a shotgun versus rifle approach to their legislative agenda. The shotgun scatters and disperses. The rifle is precise and hits the target most times with some predictability. I'd like to see the Obama administration take more of a rifle approach and hone in on the most important targets. Not to say this is not one. You and I clearly agree that financial regulatory reform is a priority.
What role do you think lobbyists will play in the financial regulatory reform debate moving forward? Again, thank you for the timely perspective and information. Take care!