The House has approved a comprehensive financial reform bill, albeit with a number of key provisions weakened in recent days.
The Wall Street Reform and Consumer Protection Act of 2009 was approved by a party-line vote of 223-202, with no Republicans voting to support the bill and 27 Democrats voting against it. The final legislation includes the creation of a Consumer Financial Protection Agency, a controversial provision steadfastly opposed by the financial industry. The provision survived despite amendments to drop it from the final bill.
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