In the summer of 2009, we saw the devastating impact that irresponsibility on Wall Street can have on Main Street Americans. President Obama and the Treasury Department put forward proposed legislation to rein in excessive risk on Wall Street and preserve economic opportunity on Main Street. On July 15, 2010, Congress passed comprehensive financial reform.

Read a side-by-side comparison of the Administration’s proposed legislation and the final bill.

ADMINISTRATION’S PROPOSED LEGISLATION – Summer 2009:
White Paper: A New Foundation
Title II - Tier 1 Financial Holding Companies
Title III – Improvements to Supervision and Regulation of Federal Depository Institutions
Title IV – Registration of Advisers to Private Funds
Title V – Office of National Insurance
Title VI - Bank Holding Company Act amendments and other banking law amendments
Title VII - Improvements to Regulation of Over-the-Counter Derivatives Markets Title VIII – Settlement Supervision
Title IX – Additional Improvements to Financial Markets Regulation Subtitle A and B Title IX – Additional Improvements to Financial Markets Regulation Subtitle C
Title IX – Additional Improvements to Financial Markets Regulation Subtitle D
Title IX - Additional Improvements to Financial Markets Regulation Subtitle E
Title X – Consumer Financial Protection Title XI – Improvements to the Federal Trade Commission Act Title XII – Enhanced Resolution Authority
Title XIII - Amendment to Federal Reserve Act section 13(3)
Amendment to the Bank Holding Company Act Regarding the Size of Institutions and the Scope of Bank Activities