Senate Banking Committee

Today the Senate Banking Committee approved the nomination of Ben Bernanke to continue as Chairman of the Board of Governors of the Federal Reserve System on a vote of 16 to 7.

Calls for Improvements to the Federal Reserve

“The security of our economy is at stake. This is one of those moments in our nation’s history that compels us to be bold.”

This morning, Senate Banking Committee Chris Dodd (D-CT) delivered opening remarks as the Committee began debate on his Restoring American Financial Stability Act, a comprehensive bill to reform our financial system. 
 

Bold Proposal to Create a Sound Economic Foundation to Grow Jobs, Protect Consumers, Rein in Wall Street, End Too Big to Fail, Prevent Another Financial Crisis

The Securities Industry and Financial Markets Association (SIFMA) today released a statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy, in response to Senate Banking Committee Chairman Christopher Dodd’s proposed regulatory reform legislation:
 

Senate Committee on Banking, Housing, and Urban Affairs, Chairman Chris Dodd (D-CT)
Contact: Kirstin Brost/Justine Sessions, 202-224-7391

Summary: Restoring American Financial Stability – Discussion Draft
Create a Sound Economic Foundation to Grow Jobs, Protect Consumers, Rein in Wall Street, End Too Big to Fail, Prevent Another Financial Crisis

“The 20th century regulatory structure has been outpaced by the 21st century innovations in the financial services industry, and if we don’t fix it, we could be right back where we were a year ago”