Consumer protection, financial stability at core of sweeping Dodd bill
Consumer protection, financial stability at core of sweeping Dodd bill
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Sen. Chris Dodd Tuesday introduced a wide-ranging financial-regulatory-overhaul measure, seeking more ambitious changes in some areas than envisioned by the White House or proposed by the House of Representatives.
Dodd’s discussion draft, running more than 1,100 pages, proposes financial reform legislation that would fundamentally change the country’s financial landscape and create a unified super-regulator to oversee all the banks in the country. It is the most sweeping proposal to date to address last year’s financial crisis.