Barack Obama signed 21 financial regulatory reform bill into law,
Please register or login to see links! marking a period of nearly two years to complete the U.S. financial regulatory reform legislation, the Financial Times, Wall Street officially opened a new prologue.
Obama the same day Ronald Reagan Building in Washington held a bill signing ceremony, and the legislation related to the nearly 400 political, economic and academic sectors attended. Obama said at the ceremony: "This reform represents history's most powerful consumer financial protection." The program will be a new implementation of consumer protection agency, the agency only with the task of protecting the financial system people, not big banks, not borrowers, not institutional investors. Obama also said that this reform will be terminated on the big bank bailout will help the U.S. economy.
September 2008 Wall Street major investment banks Lehman Brothers collapse triggered the current round of global financial crisis. Obama took office in a crisis the government in June 2009 formally proposed financial regulatory reform. U.S. House of Representatives and Senate in December last year and this year in May adopted their own version of the financial regulatory reform bill. On June 30 this year, the House version passed both houses of unity. July 15, the Senate passed the final version of the financial regulatory reform bill, the bill finally cleared the last obstacle to become law.
The "Dodd - Frank Wall Street Reform and Consumer Protection Act" to lead this legislation naming two members of Congress, including Senate Banking Committee Chairman
Please register or login to see links! and the House of Representatives Financial Services Committee Chairman Barney * Frank. Bill is committed to protecting consumers, address the systemic risk of financial sector issues, to avoid repetition of the 2008 financial crisis.
Financial regulatory reform bill was considered in March this year, Obama following the signing of another health care reform bill a legislative achievement. However, the effectiveness of bills such as crisis prevention,there are still enormous
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