• Advisers to Private Investment Funds
  • August 2, 2010 | Authors: Timothy J. Clark; David H. Engvall; Carolyn E. Taylor
  • Law Firms: Covington & Burling LLP - New York Office ; Covington & Burling LLP - Washington Office ; Covington & Burling LLP - New York Office
  • On July 15, 2010, after a lengthy and sometimes contentious legislative process, the Senate approved the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act). President Obama is expected to sign the Act soon. The Act imposes new restrictions and an expanded framework of regulatory oversight for many financial institutions, not just banks.