Congress Moves Forward on Ambitious Financial Services Agenda
October 1, 2003Alec D. Rogers
On the heels of the 107th Congress, which enacted the most sweeping securities law reforms since the 1930s and created a new federal program to bolster the commercial property insurance market, the 108th Congress could have been forgiven if it had chosen to focus its energies on other topics in its first few months. Instead, led by energetic House Financial Services Committee and subcommittee Chairmen, it has continued to pursue an ambitious agenda for further changes to the nation’s financial services system. This article will survey the most significant financial services topics before Congress this session.