New Legislation Attempts to Increase Financial Services Regulation

Posted on December 10, 2009 by Fred Rivera

On Wednesday, December 2, 2009, the House of Representatives Financial Services Committee passed two significant acts, the Financial Stability Improvement Act and the Federal Insurance Office Act, both of which are aimed at increasing federal regulation over the financial services industry.  Both bills have been referred to the full House for consideration.  

A brief summary of the legislation is at the following link: . http://www.perkinscoie.com/news/pubs_detail.aspx?publication=2411&op=updates
 

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