Summary
WASHINGTON -- The House on Wednesday night began debating legislation that would overhaul Wall Street regulations, overcoming a last-minute revolt by moderate Democrats that had stalled one of the Obama administration's priorities.
The legislation, the most sweeping rewrite of banking regulations since Franklin Delano Roosevelt's presidency, would give regulators the tools they say they need to prevent a recurrence of last year's financial crisis.See the full content of this document
Extract
House Debates Bank Oversight
It cleared its first test vote late in the day by a nearly party- line 235-177 count. With about 30 amendments ahead of them, lawmakers were not expected to vote o...
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