Finance Legislation To Watch In 2010

Law360, New York (January 2, 2010, 6:43 PM EST) -- President Barack Obama recently gathered the heads of 12 major banks to tell them what he expects as a thank-you for the taxpayer-funded stimulus that kept them afloat in 2009: support for legislative efforts in 2010 to finish financial regulatory reform and rebuild the economy.

In 2009, H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, took a big step forward, passing the House by a vote of 223-202.

The massive bill creates a new Consumer Financial Protection Agency; a regulatory council to...
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