Senate Banking Committee Chairman Christopher Dodd (D.-Conn.) is prepared to release draft legislation that would overhaul how the financial services industry is regulated.
Dodd’s bill, which he crafted without the input of Republicans on the committee, is expected to be more modest in scope than the either the Restoring American Financial Stability Act of 2009 that Dodd championed last year or the Obama Administration plan, which called for creation of a stand-alone consumer financial protection agency.
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