The Outcomes of Financial Reform

Yesterday, the House passed the re-finalized conference report on the Dodd-Frank financial reform bill. The Senate is likely to vote on the bill during the week of July 12th, and while no one can be sure of the outcome of that vote (Sen. Susan Collins (R-ME) indicated her support and Sen. Scott Brown (R-MA) remained demure on the question) the extraordinary process of reopening the conference report happened in order to obtain the votes of those members.

While there’s been a great amount of last minute uncertainty, the contents of the bill seem largely settled. The final conference report is available for all and sundry to study. As the subject matter seems settled, we think it’s a good time to begin looking forward to what this bill is going to mean once it becomes law. We’ve assembled a panel of experts to discuss the content of the bill, its promise and potential pitfalls, and what the bill is going to mean for Main Street, Wall Street, consumers and providers of financial services.

The event, “Dodd-Frank: How Will Financial Services be Transformed from Main Street to Wall Street,” is scheduled for July 13th, from 10AM until 11:30AM at the New America Foundation.

We’re very excited by the lineup of speakers as well, Travis Plunkett from the Consumer Federation of America will be here, along with ace reporter Tim Fernholz who has been following this bill from start to finish for The American Prospect, Heather McGhee from Demos, Leslie Parrish from the Center for Responsible Lending, financial wiz cum blogger Mike Konczal and Wilson Fellow/Historian Devin Fergus will be assembled to examine all angles of the legislation and it’s impact on the public and financial industry.

Please join us on the 13th.