Minutes ago the House of Representatives voted to pass HR 4173, the Wall Street Reform and Consumer Protection Act of 2009. The vote was 223 to 202, with 27 Democrats voting against and no Republicans voting for the legislation.
It was a comprehensive bill where consumers had some wins and some losses. However, it was a landmark vote in that it is the first step towards creating the Consumer Financial Protection Agency, whose sole mission would be to put consumer protection first.
The battle now moves to the Senate.
Visit the Huffington Post to read more about the House financial regulatory reform and for a more detailed analysis of the bill of the Wall Street Reform and Consumer Protection Act of 2009 (HR 4173) read a great summary written by Ed Mierzwinski, Consumer Program Director of U.S. Public Interest Research Group HERE.
It was a comprehensive bill where consumers had some wins and some losses. However, it was a landmark vote in that it is the first step towards creating the Consumer Financial Protection Agency, whose sole mission would be to put consumer protection first.
The battle now moves to the Senate.
Visit the Huffington Post to read more about the House financial regulatory reform and for a more detailed analysis of the bill of the Wall Street Reform and Consumer Protection Act of 2009 (HR 4173) read a great summary written by Ed Mierzwinski, Consumer Program Director of U.S. Public Interest Research Group HERE.
NEWSLETTER SIGN UP
SUBSCRIBE
CONTACT
Leave a comment