Congress Passes Historic Wall Street Reform
On May 20, 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."
CALPIRG backed the legislation and successfully fought back several
attempts to weaken it on the Senate floor.
The bill cleared its final hurdle on July 15, and now heads to President Obama's desk.
To see the Senator
Scorecard, which grades Senators on how often they voted in the
public interest, click here.
