House Approves Financial-Overhaul Bill


In the most significant action they’ve taken since the bailout was grudgingly approved over a year ago, the House today voted 223–202 in favor of a plan to tighten federal regulation of Wall Street and the financial sector. If it passes the Senate, the plan, which was put together by Barney Frank and the House Financial Services committee, would be the most significant overhaul of securities laws since FDR’s New Deal. But there are a few stumbling blocks, namely Republicans: Not a single one voted in favor of the bill.

House approves financial reform bill [Politico]

Update: For your short Friday attention span, Clusterstock has broken down the contents of the plan—all 1,279 pages of it— into a handy slideshow.