Wall Street Reform and Consumer Protection Act Conference Now Streaming
As we rebuild our economy, we must put in place common-sense rules to ensure Wall Street and big banks can't play Russian Roulette again with our futures. Wall Street may be bouncing back, but we know from experience they're not going to police themselves.
This afternoon, the House and Senate conferees are meeting on the Wall Street Reform and Consumer Protection Act--common-sense reforms that hold Wall Street and the Big Banks accountable will:
End bailouts by ensuring taxpayers are never again on the hook for Wall Street's risky decisionsProtect families' retirement funds, college savings, homes and businesses' financial futures from unnecessary risk by CEOs, lenders, and speculators
Protect consumers from predatory lending abuses, fine print, and industry gimmicks
Inject transparency and accountability into a financial system run amok
More on the conference:
Read H.R. 4173, Conference Base Text»Read a Side by Side House - Senate Comparison»
UPDATE: Chairman Barney Frank (D-MA) and Chairman Chris Dodd (D-CT) announced that the Conference Committee will meet next Tuesday, June 15th, at 11am EST for consideration of:
Title 3 of base text: OTS/OCC merger; thrift charterTitle 5 of base text: Insurance
Title 4 of base text: Private Funds
Title 9, subtitle C of base text: credit rating agencies