Amendment to strike 404(b) reprieve from the omnibus financial reform bill

Posted by Teresa Bockwoldt on January 5, 2010

Congressman Paul E. Kanjorski attempted to push through an amendment to the omnibus financial reform bill (H.R. 4173) or the "Wall Street Reform and Consumer Protection Act of 2009" on December 10, 2009 to strike the provisions within H.R. 4173 that would exempt non-accelerated filers from Section 404(b).  Kanjorski's amendment was voted down, 153 - 271. As is stands, the bill will go to the Senate for final vote.  The vote has yet to be scheduled.

Tags: Non-accelerated filer 404(b) information