Congressman Barney Frank Optimistic About Financial Reform Bill

Congressman Barney Frank, chairman of the House of Representatives Financial Services Committee believes that Congress can deliver a bill for the president’s signature on financial reform at the end of May.

This is despite Republican senator Corker’s statements yesterday that he would not be voting for the bill in its current form. To refresh your memory, he thinks that the current bill offers consumers too much protection from the banks. 

Right now,  the bill is under consideration by the Senate, which must pass its own version before the two versions are reconciled between both houses of the legislature.

Is Congressman Frank right? I guess we’ll see at the end of May.

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