| MBA Advocacy Update Summary: July 26, 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act crossed the finish line last week morning when President Obama, surrounded by jubilant lawmakers, signed the 2,300-page bill into law. The effort now enters a lengthy implementation phase, as federal agencies begin the arduous task of promulgating the hundreds of new rules called for in the bill, as well as the establishment of an independent Consumer Financial Protection Bureau to be housed within the Federal Reserve. Congress, meanwhile, shifted its focus to some of the unfinished items on its agenda, including an extension of FHA and GSE loan limits, action on covered bond legislation, and an autumn slate of hearings on the future of Fannie Mae and Freddie Mac.
Read the full Advocacy Update.
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| | | 8/7-9/11 | Congressional District Work Period | |