• U.S. Senate Banking Committee Approves a Sweeping Financial Regulatory Reform Bill
  • April 21, 2010 | Authors: Azam H. Aziz; Danielle Carbone; Nathan J. Green
  • Law Firm: Shearman & Sterling LLP - New York Office
  • On March 15, 2010, U.S. Senate Banking Committee Chairman Christopher Dodd (D-Conn.) released his proposed financial regulatory reform legislation. Senator Dodd amended his bill in certain respects on March 22, 2010 and the modified version of the bill was approved by the Senate Banking Committee on that date by a strict party-line vote.1 Consisting of twelve titles, the proposed legislation - like the broad reform plan passed by the House of Representatives in December - would have a significant impact on the U.S. financial industry.