U.S. News: Landmark Financial Regulation

Updated February 28, 2017 | Infoplease Staff
2010 Year in Review

Major U.S. news stories, from health-care reform to "Don't Ask, Don't Tell"

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Landmark Financial Regulation

With President Obama's strong support and the general agreement of the Democratic Party, Congress approved a landmark financial regulation bill in July of 2010. The new law increased the number of companies that will be regulated by government oversight and created a panel to watch for risks in the financial system as well as a consumer protection agency. Some Democrats and other critics argued that the bill is not tough enough; Republicans claimed it gives the government too much control over the business sector.

For more information on business, finances, and the economy: