Dodd-Frank Financial Reform Heads to President

The Senate cleared the landmark Dodd-Frank financial reform bill on 60 to 39 vote, sending the legislation to President Obama for his signature. The president is expected to sign the 2,300-page bill as early as Wednesday. In a statement, ICBA Chairman Jim MacPhee and ICBA President and CEO Cam Fine said: "While ICBA still vigorously disagrees with some sections of the final bill, the Dodd/Frank Act does create an important precedent that recognizes two distinct sectors within the financial services spectrum—Main Street community banks and Wall Street megabanks." Read today's ICBA Washington Report for in-depth coverage. View ICBA Statement. Read ICBA Bill Summary.