The House and Senate finance reform bills (H.R.4173 Title: Restoring American Financial Stability Act of 2010) have gone a conference committee where they will, or are intended to be, reconciled with each other. If they are able to pass a single report, and if that report is then accepted by each chamber, the report will be sent to the president for a signature.
The Center for Media and Democracy tells us that this is the schedule so far:
- Thursday, June 17: Systemic risk regulation, resolution authority and payments/clearing/settlement issues.
- Tuesday, June 22: The Consumer Financial Protection Bureau, predatory lending, remittances, interchange fee and access issues.
- Wednesday, June 23: Prudential regulation.
- Thursday, June 24: Derivatives regulation.
I've also read that this could drag on for two weeks, so who knows how accurate this timetable is.
For information about the members of the conference, click here: A look at House, Senate conferees .
Some comments on the process:
- Do You Like to Whip It?
- House-Senate panel lets SEC create credit rating board
- Reviving Investor Protection
- Cheques and imbalances
- Will The Next Three Weeks Change Wall Street Forever?
- Financial Reform: Credit Rating Agencies Most Worried About Liability
Plus:
- Everything you ever wanted to know about Conference Committees.
- The impact of the Filibuster on Conference Committees.
