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The overhaul bill's goals at a glance

December 12, 2009

Goals of the overhaul bill

The House-passed bill reforming financial regulations would:

Create the Consumer Financial Protection Agency to regulate loans and credit products.

Authorize the government to break up large financial institutions that pose a risk to the economy.

Allow federal officials to seize and dismantle large financial institutions near bankruptcy to prevent major economic damage.

Give shareholders the right to cast nonbinding votes on executive compensation and allow regulators to ban risky pay practices.

Regulate hedge funds and the trading of complex securities known as financial derivatives.

Source: Times research

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