US HR 4173, the “Wall Street Reform and Consumer Protection Act of 2009”
You have all heard about the major financial reform bill which has been taking up much space in newspapers and electronic media. Designed to curb risk on Wall Street, its purpose is to protect consumers and averting another financial melt-down that we experienced in 2008. It appears that Senate action today cleared a procedural road block to close debate all but assuring passage of the bill. The bill will create a Consumer Financial Protection Agency (CFPA), about which ISPLA has previously commented. The most likely candidate to head this agency is Professor Elizabeth Warren, presently on leave of absence at Harvard, while serving as chairwoman of the Congressional Oversight Panel.
The return of members of Congress from their July 4th Holiday resulted in the introduction of several bills which ISPLA is reviewing. They concern, in part, eliminating the SSN from Medicare records, amending aspects of title 44USC18 pertaining to federal firearms license, consolidating contracting information databases, and addressing recent censorship issues in China regarding the Internet, commending Google, Go Daddy, Yahoo and Microsoft. The new three House bills and one House Resolution below are reflective of just a few identified in today's daily update on the ISPLA bill tracking system monitored on behalf of our individual members and to member professional associations.
Bruce Hulme
ISPLA Director of Government Affairs
www.ISPLA.org