What’s in the House Financial Services Reform Bill?

December 15, 2009 by · Leave a Comment
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“Addresses the immense reliance on ratings by federal regulators and users of ratings

  • The bill removes all references to credit ratings in federal statutes under the jurisdiction of the Committee on Financial Services. The bill directs the agencies to devise a standard of creditworthiness to serve as a substitute for ratings in rules and regulations.”

Read it all here – ratings are discussed on pages 1034-1078.

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