Eye On The Restoring American Financial Stability Act

Law360, New York (November 24, 2009, 3:34 PM EST) -- In a continuing effort by Congress to address the perceived causes of the recent financial crisis, on Nov. 10, 2009, the Senate Committee on Banking, Housing and Urban Affairs, through its Chairman, Sen. Christopher Dodd, D-Conn., introduced the Restoring American Financial Stability Act in the U.S. Senate.

Mr. Dodd's proposed legislation would cover three principal subjects.

First, the proposed legislation, which remains in its draft stages, proposes financial regulatory reform initiatives similar to those outlined in a piece of legislation introduced in the U.S. House of...
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