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"The party is over. Never again." These are the words of Speaker Nancy Pelosi regarding the bill to regulate financial markets that passed the House of Representatives on 223 to 203 vote.
In broad terms, these are the provisions of the House bill:
- Large financial companies would be hit with billions of dollars in fees and would see new restrictions on their operations.
- The Federal Reserve's powers to write consumer-protection laws would be stripped.
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