Fact Sheet: Administration’s Regulatory Reform Agenda Moves Forward – Systemic Risk Legislation Sent to Capitol Hill: “Continuing its push to establish new rules of the road and make the financial system more fair for consumers and investors, the Administration today delivered proposed legislation to Capitol Hill that would require strong, consolidated supervision and regulation for all financial firms. The legislation also provides a regulatory regime to monitor, mitigate, and respond to risks in the financial system. Tomorrow the administration will release additional legislative language to create a National Bank Supervisor through the consolidation of the Office of Thrift Supervision and the Office of the Comptroller of the Currency, and to provide the government the tools it needs to adequately respond to a financial crisis.”
Reports:

• Title I – Financial Services Oversight Council Act of 2009
• Title II – Bank Holding Company Modernization Act of 2009
• Title VI – Bank Holding Company and Depository Institution Regulatory Improvements Act of 2009
• Title IX – Investor Protection Act of 2009
• Title XIII – Section 13 of the Federal Reserve Act (12 U.S.C. 343) is amended in the third paragraph
• Title V – Office of National Insurance Act of 2009
• Related postings on financial system