U.S. Senate Takes Action on Financial Reform Bill


Last evening, May 20, the Senate passed Bill 3217, titled the "Restoring American Financial Stability Act of 2010." Senate Bill 3217 will now be reconciled with House Bill 4173, the version of a financial reform package passed by the House of Representatives in late 2009. The expectation is that reconciliation will be completed over the next several weeks, and final legislation will be signed into law by President Obama by the July 4th Congressional recess.

Reed Smith's Global Financial Industry Group To Provide Insights via Webinar Series

Reed Smith's Financial Industry Group will present a multi session Webinar series on the major elements of the reform legislation, and the consequences (intended and unintended) of the new law for banks and other industry participants. Reed Smith's initial session will be held shortly after completion of the bill reconciliation process. Notices regarding the dates, times and participation details will be suitably furnished. The Reed Smith Webinar sessions will address the following areas...

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