The new US Dodd Frank policy balance

G A Walker

US financial reform has become dominated by the Wall Street Reform and Consumer Protection Act which was eventually agreed on 25 June 2010 and signed into law by the President on 21 July 2010.[1] The final measure was re-titled the ‘Dodd-Frank’ Act in light of the substantial contributions made during the negotiation process by chairman of the Senate Banking Committee, Chris Dodd, and chairman of the House Financial Services Committee, Barney Frank. The Congressional Conference Report was agreed early morning on 25 June 2010 after the House and Senate Conferees under Barney Frank had worked all night. The Conference Committee procedure was used to reconcile the House and Senate Bills. The Bill had originally been introduced on 2 December 2009.