Title

Summary of the Wall Street Reform and Consumer Protection Act Passed by the House of Representatives, December 11, 2009
Client Memorandum

Created date

12/15/2009

What follows is a summary of the Wall Street Reform and Consumer Protection Act passed by the House of Representatives on December 11, 2009. The Act, like Senate Banking Committee Chairman Christopher Dodd’s (D-CT) discussion draft, is an omnibus package of all major financial sector legislative reforms under consideration by the 111th Congress. It was passed by a narrow vote of 223 to 202, with all Republicans and 27 Democrats voting no.