After signing the bill Wednesday in the Ronald Reagan Building, President Obama shared the moment with Paul A. Volcker, a former Federal Reserve chairman.
President Barack Obama launched the next phase in a battle over financial regulation by signing the sweeping regulatory-reform bill into law. "This reform will help foster innovation, not hamper it," Obama said. "It is designed to make sure that everyone follows the same set of rules, so that firms compete on price and quality, not tricks and traps." The Treasury Department and regulatory agencies will start drafting rules and conducting studies, as ordered by the law.
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