Dodd-Frank Passes, Now the Wait for Rules

The Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 15, sending the legislation to the desk of President Obama, who signed it into law on July 21. Although the new law will have a significant impact on governance issues, the final draft contained nothing unexpected.

"I can't say that there's a lot of surprise about what did make in through," says Gary Brown, a shareholder at Baker Donelson. "There were some things that didn't make it through, like majority voting, which was in the original version of the senate bill."

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