Landmark Financial Reform Bill Signed Into Law: Corporate Governance and Disclosure Provisions Applicable to All Public Companies
July 21, 2010
By: Edward B. Whittemore and Richard S. Smith, Jr.
After almost a year of negotiations and conference committee work, the U. S. Congress passed the most sweeping financial reform legislation to be adopted since the 1930s. The legislation, formally known as the "Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010" was approved by the House of Representatives on June 30, by the Senate on July 15, and signed into law by President Obama on July 21, 2010.