Financial Reform Still Possible in 112th Congress, Says Wolters Kluwer Law & Business ; Reform Agenda May Shift, but Common Ground Emerging On Key Provisions

Summary


RIVERWOODS, Ill., Nov. 10, 2010 /PRNewswire/ -- With a Republican House in the 112th Congress, the legislative agenda for financial regulation will shift somewhat but there is still an opportunity for reform legislation next year, according to Wolters Kluwer Law & Business. Wolters Kluwer Law & Business is a leading provider of information and software solutions in key specialty areas for legal and business professionals, with products under the CCH and Aspen names (wolterskluwerlb.com).

"There is a growing bipartisan consensus for certain areas of reform, including issues related to reform of government-sponsored enterprises such as Fannie Mae and Freddie Mac, as part of the overall reform of the securitized secondary mortgage market, and reform of the Public Company Accounting Oversight Board," said Wolters Kluwer Law & Business Principal Securities Law Analyst James Hamilton, JD, LLM. Hamilton is one of the lead analysts for Wolters Kluwer Law & Business' Dodd-Frank Wall Street Reform and Consumer Protection Act: Law, Explanation and Analysis.

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Financial Reform Still Possible in 112th Congress, Says Wolters Kluwer Law & Business ; Reform Agenda May Shift, but Common Ground Emerging On Key Provisions

Covered Bond Act

In late July, the House Financial Services Committee reported out the U.S. Covered Bond Act, HR 5823. It has bipartisan support, having been cosponsored by Rep. Spencer Bachus (R-AL) and Rep. Paul Kanjorski (D-PA).

Rep. Bachus, who is sl...

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