Dodd Draft Bill Proposes Bold Financial Overhaul

Law360, New York (November 10, 2009, 5:51 PM EST) -- Sen. Christopher Dodd, D-Conn., unveiled Tuesday his long-awaited take on financial regulatory reform, a comprehensive proposal that builds on parallel legislation in the U.S. House of Representatives while departing on key issues including bank and systemic risk regulation.

During a press conference introducing the Restoring American Financial Stability Act, Dodd emphasized that, while he intends the bill to make a complete overhaul of the current financial regulatory system, it remains in its draft stages and will be open to input from lawmakers on both sides of...
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