Financial Regulatory Forum

US EPA moves on emissions as Congress stalls

U.S. Environmental Protection Agency Director Lisa Jackson announces a new Obama administration position that greenhouse gasses are a threat to public health at the EPA in Washington, December 7, 2009. REUTERS/Jonathan Ernst  By Timothy Gardner

WASHINGTON, Dec 7 (Reuters) – The U.S. Environmental Protection Agency on Monday cleared the way for regulation of greenhouse gases without new laws passed by Congress, reflecting President Barack Obama’s commitment to act on climate change as a major summit opened in Copenhagen. 

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Obama sets plan to spur jobs, without busting budget

U.S. President Barack Obama greets workers as he tours Allentown Metal Works in Allentown, Pennsylvania, December 4, 2009.  By Patricia Zengerle

WASHINGTON, Dec 7 (Reuters) – President Barack Obama will lay out policy proposals to combat double-digit unemployment in a speech on Tuesday tackling an economic problem that has become a political drain on his young administration.

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Obama systemic risk plan blasted in Congress

By Kevin Drawbaugh
WASHINGTON, Oct 29 (Reuters) – The Obama administration’s new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from all sides, with critics targeting its funding and scope.

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White House, Congress Democrat bill urges new US powers over financial firms

U.S. Treasury Secretary Timothy Geithner (R) talks with House Financial Services Committee Chairman Barney Frank on Capitol Hill in Washington March 24, 2009.  (File Photo)   REUTERS/Kevin Lamarque (UNITED STATES BUSINESS POLITICS) By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – The U.S. government would gain far-reaching new powers to regulate, and even shut down, large financial firms that threaten economic stability under a draft bill released in Congress on Tuesday.

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EXCLUSIVE-Obama ‘too big to fail’ bill draft curbs bailouts

WASHINGTON, Oct 27 (Reuters) – A key U.S. congressional committee was expected on Tuesday to release draft legislation agreed with the Obama administration that will restrict future bailouts and create a new protocol for government handling of giant financial firms that get into trouble, a senior congressional source told Reuters.

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U.S. seen extending homebuyer tax credit soon

A vacant lot owned by Toll Brothers is shown for sale in a housing development in Broomfield, Colorado August 12, 2009. REUTERS/Rick Wilking (UNITED STATES BUSINESS)  By Steve Holland and Corbett B. Daly
WASHINGTON, Oct 26 (Reuters) – The U.S. Senate is expected to act later this week to extend a popular tax credit for first-time homebuyers that is scheduled to expire at the end of next month, Sen. Bill Nelson said on Monday.

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ANALYSIS-Activists hit compromises on U.S. financial reform

U.S. Representative Barney Frank (D-MA), chairman of the House Financial Services Committee, holds a field hearing in Boston, Massachusetts March 23, 2009. (File photo) REUTERS/Brian Snyder By Kevin Drawbaugh
WASHINGTON, Oct 20 (Reuters) – The watering down of U.S. financial regulation reform in Congress drew questions on Tuesday from consumer advocates wondering what will be left of the Obama administration’s plan once lawmakers are done.

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U.S. House panel passes derivatives overhaul in big step for Obama

By Kevin Drawbaugh and Charles Abbott

WASHINGTON, Oct 15 (Reuters) – The Obama administration scored its first financial regulation reform victory in months on Thursday when a U.S. congressional committee approved new regulations for over-the-counter derivatives.

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Obama to push consumer financial watchdog agency

FINANCIAL-REGULATION/    WASHINGTON, Oct 7 (Reuters) – President Barack Obama will seek this week to rally support for his proposal to create a watchdog agency that would protect consumers from risky financial products.
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Rep. Frank revises planned U.S. consumer agency bill to meet business demands

REGULATION-SUMMIT/ By Karey Wutkowski and Rachelle Younglai
WASHINGTON, Sept 25 (Reuters) – Powerful U.S. lawmaker Barney Frank bowed to some of the financial industry’s demands and softened parts of his bill to create an agency to protect consumers from risky financial products, according to a copy of the draft bill first obtained by Reuters on Friday.

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