Lawmakers overcome major hurdles, but many remain

06/21/2010 | Washington Post, The · Bloomberg

Lawmakers drafting the final version of the financial-revamp bill have resolved some difficult issues, such as housing a consumer-protection bureau within the Federal Reserve while increasing scrutiny of the Fed. However, lawmakers have yet to tackle the most controversial, divisive issues. Democrats said they want to conclude the conference this week and send the final bill to the president by July 4. That leaves only a few days to resolve issues such as the "Volcker rule," a measure that would force banks to spin off derivatives operations and details on the reach of the consumer-protection bureau.

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Washington Post, The · Bloomberg

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