Americans for Financial Reform supported H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, which will provide much-needed financial regulations and calls for the creation of a Consumer Financial Protection Agency. Read our statement about the bill here.
The Act passed by a vote of 223-202. Find out how your Representative voted, and thank them or tell them you’re disappointed!
Potential amendments to weaken the bill and to remove the Consumer Financial Protection Agency from the proposal (specifically, the Minnick Amendment, which is discussed in detail below) were defeated.
For a one-page summary of the final bill, including an analysis of each topic covered by the final legislation, click here (PDF). For AFR’s positions on the bill’s amendments, click here and scroll to page 3 (PDF).
- Letter supporting an amendment to lift the ban on judicial mortgage loan modifications
- Letter opposing the Minnick amendment to destroy the Consumer Financial Protection Agency
- Overview of H.R. 4173
- One Pager on CFPA
- One Pager on Credit Rating Agencies
- One Pager on Derivatives
- One Pager on Investor Protection
- One Pager on Private Equity and Hedge Funds
- One Pager on Resolution Authority & Systemic Risk