U.S. Senate Passes Historic Wall Street Reform
On May 20th, the U.S. Senate passed the Restoring American Financial
Stability Act, which includes a strong, independent Consumer Financial
Protection Agency, opens up the shadow markets where derivatives are
traded, and prevents banks from becoming "too big to fail."
Florida PIRG backed the legislation and successfully fought back
several attempts to weaken it on the Senate floor. The bill now moves
to a conference committee.
To see the senator scorecard, which grades Senators on how often they voted in the public interest, click here.
See what the reform will mean for you.
