In the coming months, Levin and subcommittee ranking member Norm Coleman (R-Minn.) are expected to work closely with the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over banking legislation, to craft a bill that provides more protection to consumers.
But overall, she said, the package would improve EU legislation on banking and represented "a move towards a global standard".
After the Wall Street crash of 1929, it took four years before Congress passed the Glass-Steagall act, which split commercial banking from securities dealing. (Before the legislation bank deposits were frequently diverted in support of new issues by commercial bankers' investment-banking colleagues.) Other restrictive rules continued to be made until 1940.
Partly as a result of the Iceland fiasco, the British government has written to the European Commission seeking urgent consideration of improvements to legislation of cross-border banking in the EEA, including better ways of protecting depositors in branches of foreign banks.
The second is that the Democratic base has become disenchanted with the party's leaders, who have not fulfilled their promises on comprehensive health-care reform, legislation to reduce greenhouse gases, banking reform and myriad other goals.
Paul Sarbanes of Maryland, senior Democrat on the Senate Banking Committee and an author of last year's legislation to combat corporate fraud.
Dodd, who is chairman of the Senate Banking Committee, which is about to bring major housing legislation to the floor, refinanced two loans in 2003 for his homes in Connecticut and Washington, D.
As we've noted before, the banking industry was successful in watering down several provisions of the legislation, and it's not yet done lobbying.
Yesterday, the House passed comprehensive reform legislation that incorporates some of the essential changes we need, and the Senate Banking Committee is working on its own package of reforms.
WHITEHOUSE: Weekly Address: Learning from History to Reform Wall Street | The White House
We have concluded that the Banking Committee's proposed changes to S.1712 are insufficient to allay our concerns that the legislation provides insufficient protection for United States national security interests.
CENTERFORSECURITYPOLICY: United States Senate
Washington, DC 20510
House lawmakers this week plan to introduce legislation that would designate fewer loans as high-cost, and a key Democrat on the Senate Banking Committee, Sen.
They want to hasten legislation governing the rescue of failing banks, increase protection for depositors and revisit rules on the valuation of banking assets that may be exacerbating the crisis: all familiar policies.
应用推荐