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Frank proposes TARP restrictions.(Late News)

Investment News

| January 12, 2009 | COPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Department of the Treasury would be required to take significant steps to mitigate foreclosures under legislation outlined Friday by House Financial Services Committee Chairman Barney Frank, D-Mass.

The bill, which hasn't yet been introduced, would amend the Troubled Asset Relief Program "to strengthen accountability, close loopholes and increase transparency,'' he said in a statement.

Bill would reinstate uptick rule

Legislation that would require the Securities and Exchange Commission to reinstate the "uptick'' rule was reintroduced Friday by Rep. Gary Ackerman, D-N.Y., a member of the House Financial Services Committee.

The SEC …

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Source: HighBeam Research, Frank proposes TARP restrictions.(Late News)

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