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Senate Passes Broader Rules for Overseeing Wall Street

Publié par Clifford Armion le 21/05/2010

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Davis M. Herszenhorn

"WASHINGTON The Senate on Thursday approved a far-reaching financial regulatory bill, putting Congress on the brink of approving a broad expansion of government oversight of the increasingly complex banking system and financial markets.

"The legislation is intended to prevent a repeat of the 2008 crisis, but also reshapes the role of numerous federal agencies and vastly empowers the Federal Reserve in an attempt to predict and contain future debacles.

"The vote was 59 to 39, with four Republicans joining the Democratic majority in favor of the bill. Two Democrats opposed the measure, saying it was still not tough enough."

Pour citer cette ressource :

"Senate Passes Broader Rules for Overseeing Wall Street", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mai 2010. Consulté le 18/07/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/senate-passes-broader-rules-for-overseeing-wall-street