Scott H. Moss, Esq., Elaine M. Hughes, Esq., and Cole Beaubouef, Esq.
DODD-FRANK BILL APPROVED BY CONGRESSIONAL COMMITTEE The Dodd-Frank bill will now be considered by both the House and the Senate, with votes expected next week.
This morning a joint conference committee of the House of Representatives and the Senate approved a comprehensive financial reform package (currently referred to as the Dodd-Frank bill). The joint conference committee had spent the past few weeks reconciling separate financial industry regulatory reform proposals passed by the House in December 2009 and the Senate in May of this year. Of particular importance among the items addressed by the Dodd-Frank bill are:
OFFICIAL TEXT NOT YET RELEASED
The official text of the Dodd-Frank bill, as approved by the joint committee, has not yet been released. The Lowenstein Sandler Investment Management Group Client Alerts analyzing the prior House and Senate bills presented to the joint committee for reconciliation are available here and here, respectively. Lowenstein Sandler’s Investment Management Group will continue to monitor closely the developments relating to this important legislation and provide you with detailed analysis of the Dodd-Frank bill upon release of the definitive text. In the interim, please contact any of the attorneys listed, or any other member of Lowenstein Sandler’s Investment Management Group, for further information on the matters discussed herein.
