CCH has published a pair of special briefing papers on the financial reform bill that passed in the Senate last week and the tax extenders bill introduced last week in the House and Senate.
The Special Briefing on the Senate-passed financial reform bill, the Restoring American Financial Stability Act, details the key provisions affecting securities and banking regulation. Regarded as the most significant reform since the 1930s, the Senate financial reform bill must now be reconciled with the Houses Wall Street Reform and Consumer Protection Act of 2009, which passed in December.
The CCH Special Briefing examines each aspect of the legislation, touching on an array of issues ranging from over-the-counter derivatives to consumer protection, and compares the Senate and House provisions. To read the briefing, click here.
The other significant financial legislation in Congress last week, the American Jobs and Closing Tax Loopholes Act, includes more than 50 individual, business, charitable and energy extenders, as well as tax increases on carried interest and multinational companies. Moving quickly to resurrect a flagging tax extenders bill, House leaders have placed an expanded version into the procedural queue for expected passage before Memorial Day.
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