The Wall Street Reform and Consumer Protection Act that was passed by Congress in 2010 include the following:
1. "Require sellers of asset-backed securities to maintain a portion of them."
4. "Provide authority to the Federal Reserve to regulate all large financial institutions"
5. "Create a Financial Stability Oversight Council to watch risks of financial instability"
Congress can be defined as a federal legislative arm of government of the United States of America, which is saddled with the responsibility of enacting and passing federal laws for the citizens.
In United States of America, the Wall Street Reform and Consumer Protection Act that was passed by Congress in 2010 included the aforementioned actions and policies:
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Complete Question:
Which of the following were part of the Wall Street Reform and Consumer Protection Act that was passed by Congress in 2010?:
1. Require sellers of asset-backed securities to maintain a portion of them.
2. Establishes a new commission, Business Financial Protection Agency, to protect businesses from bad investments.
3. Eliminate the Bureau of Consumer Financial Protection, giving their power over to the Fed.
4. Provide authority to the Federal Reserve to regulate all large financial institutions
5. Create a Financial Stability Oversight Council to watch risks of financial instability
