Friday, July 16, 2010

US Senate passes Wall Str Reform Bill


Giving second major legislative victory to the US President Barack Obama, the US Senate has passed the sweeping Wall Street Reform Bill that would make the US financial institutions more accountable and prevent the repeat of market collapse as it happened in 2008.
The Senate passed the Wall Street Reform Bill by 60 to 39 votes yesterday. The House of Representatives had already passed the bill earlier this week.
The bill now goes to the White House for Barack Obama to sign in into law. This will create new protections for millions of consumers.
The passage of the bill was immediately welcomed by the Obama Administration and lawmakers. 

  **Details Here.

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