Friday, December 18, 2009

ICI Releases Statement on House Passing of Regulatory Bill

This is a little old, but the House passed H.R. 4173, a bill designed to reform the nation’s financial regulatory system.

ICI President Paul Schott Stevens says that the bill could subject mutual funds to wholly inappropriate forms of bank-like regulation were regulators, however improbably, to deem mutual funds to be a source of ‘systemic risk.’

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