A new Democratic Senate bill to tame the financial markets would give the government new powers to break up firms that threaten the economy, force the industry to pay for its failures and create a consumer watchdog within the Federal Reserve.
Legislation unveiled Monday by Senate Banking Committee Chairman Chris Dodd falls shy of the ambitious restructuring of federal financial regulations envisioned by President Barack Obama or contained in legislation already passed in the House.

Related Posts:

• Dodd set to go it alone on sweeping bank reform bill
• Obama defends creation of consumer agency for mortgages
• Barney Frank: ‘I’m not very well informed’
• Jerry Moran — This Week’s Update – Including “Senate Passes Financial Regulation Legislation”
• Kansans for Life — Take Action NOW on HCR bill + Sebelius joins HCR abortion liars club!

This entry was posted on Monday, March 15th, 2010 at 6:06 pm and is filed under National. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.