Compliance Alert: Associated Press: Senate passes financial reform bill

Posted by Teresa Bockwoldt on May 19, 2010

We do not know yet if the amendment for a permanent 404(b) Sarbanes-Oxley reprieve was included or excluded.  We will probably know tomorrow.

From the Associate Press/ 

"The Senate has passed a sweeping overhaul of how the government regulates banks and Wall Street.

The legislation is aimed at preventing a repeat of the financial meltdown two years ago that plunged the nation into a deep recession.

The Senate passed the bill on a 59-39 vote, giving President Barack Obama a major policy victory. The bill now must be merged with a House version. A key House negotiator predicts the bill will reach Obama's desk by the Fourth of July."

Read the full article here.

Tags: Sarbanes-Oxley Articles & Information, Non-accelerated filer 404(b) information