Proposed Restoring American Financial Stability Act of 2009
November 2009
Colin J. Diamond, Mark T. Hamilton, Kevin Keogh
DOWNLOAD PDF: Proposed Restoring American Financial Stability Act of 2009
On November 10, 2009, Senator Christopher Dodd published a 1,136 page discussion draft of the Restoring American Financial Stability Act of 2009. Even though Senator Dodd's Bill is directed primarily at regulating financial institutions and their products, it contains a number of corporate governance and executive compensation provisions that would apply to all public companies. Many of these provisions are similar to those that appeared in Senator Charles Schumer's Shareholder Bill of Rights Act and reflect an ongoing effort to federalize areas that are better left to state regulation. Click here to read a summary and analysis of the key provisions of the Bill.
Contacts
Colin Diamond
Partner, New York
+ 1 212 819 8754
Mark Hamilton
Counsel, New York
+ 1 212 819 8262
Kevin Keogh
Partner, New York
+ 1 212 819 8227
Kenneth Raskin
Partner, New York
+ 1 212 819 8508
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