Senate passes financial regulation bill

The Senate approved new far-reaching financial rules on Thursday aimed at preventing the risky behavior and regulatory failures that brought the economy to the brink of collapse two years ago and cost millions of Americans their jobs and savings.

The bill passed by a vote of 59 to 39, with four Republicans joining a majority of Democrats in supporting it.

The 1,500-page measure, shepherded through the Senate by Christopher J. Dodd (D-Conn.), chairman of the banking committee, seeks to reshape both Washington and Wall Street.

Read Full Article from Washington Post

- Posted: 2010-05-20 21:39:53

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