1、Order Code RS22651April 25, 2007Financial Services Regulatory Relief:Implementation and Reintroduced Provisionsin the 110th CongressWalter W. EubanksSpecialist in Economic PolicyGovernment and Finance DivisionSummaryFederal financial services regulatory agencies are implementing the FinancialService
2、s Regulatory Relief Act of 2006, P.L. 109-351 (120 Stat. 1966), as the 110thCongress considers new financial services regulatory relief bills. Most of the provisionsunder consideration were debated and excluded from the final legislative process thatenacted P.L. 109-351. The simultaneity of these de
3、velopments shows Congressscontinued concern with reducing the regulatory burden of financial services providers.This report gives a brief summary of the provisions of P.L. 109-351 followed by thespecific provisions that federal regulatory agencies are implementing. It then examinesthe regulatory rel
4、ief provisions currently being introduced in the 110th Congress. Thereport concludes with a discussion of the financial services regulatory relief legislativeprocess and whether these provisions could reverse the increasing concentration of thefinancial services industry. This report will be updated
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