White House Proposes Rating Agency Reform Legislation

30 Jul 2009

The Obama Administration today sent proposed legislation to Capitol Hill to increase transparency, tighten oversight and reduce reliance on credit rating agencies.

The Obama Administration today sent proposed legislation to Capitol Hill to increase transparency, tighten oversight and reduce reliance on credit rating agencies. The legislation would, among other things, strengthen the Securities and Exchange Commission’s authority over rating agencies. In order to reduce conflicts of interest, the legislation would ...

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