• Wall Street Reform Bill Will Have Unique Impact on Small Companies
  • September 9, 2010 | Author: Kimberly G. Davis
  • Law Firms: Greenberg Traurig, LLP - New York Office ; Greenberg Traurig, LLP - Austin Office
  • On July 21, 2010, President Obama signed the final version of the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. This sweeping legislation will have a tremendous impact on institutions of all sizes and industries, but not all companies will be impacted equally. It is important for those who may be affected to understand what portions of the Act will apply to them, and which will not; in particular, not all small banks, holding companies, insurers, and issuers will be subject to all of the new regulations. As these companies prepare for the regulatory changes that will follow the implementation of the Act, close attention should be paid to provisions which directly impact smaller institutions.