Congressional Democrats Propose New Financial Regulations

Published on 17 Mar 2010, 16:36
Legislation proposed this week by U.S. Senator Christopher Dodd could result in big changes in the way financial institutions do business.Dodd, the Democratic Party chairman of the Senate Banking Committee. says the bill expands the Federal Reserve's role in policing large financial institutions and creates a new consumer protection agency.But some predict a tough battle for the bill to pass.
VOA's Mil Arcega has more.