Dodd plans bill to overhaul nation's financial regulation
Senate banking committee Chairman Christopher J. Dodd (D-Conn.) announced this morning that he plans to introduce legislation aimed at revamping the nation's financial regulatory system.
Dodd said he will unveil Monday an updated version of the overhaul package he introduced in November, which called for the creation of a consumer financial protection agency that would oversee and enforce financial protection laws.
Though he had been working with Republican leadership toward legislation with support from both sides of the aisle, Dodd indicated that he believed time is running short. "We have reached a point where bringing the bill to the full committee is the best course of action to achieve that end," said Dodd in a statement.
-- Mike Musgrove
March 11, 2010; 1:05 PM ET
| Tags: chris dodd, consumer financial protection, financial regulations, financial system
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