Dodd Unveils Reform Bill, Financial ETF (XLF) Yawns

Legislation overhauling regulation of the U.S. financial system, some 18 months in the making, took another step towards becoming a reality on Monday when Senator Christopher Dodd, chairman of the Senate Banking Committee, unveiled a draft bill outlining the framework for new regulatory infrastructure. Several components of the latest bill presented more stringent than had [...] Related Stories: Will Dodd’s Exit Help Or Hurt Financial ETFs? Financial ETFs in Focus: Obama’s Financial Regulation Overhaul Three ETF Plays On Hurricane Bill