June 27, 2012

Banking Law Modernization Act Enacted

The Banking Law Modernization Act was signed into law on June 21, receiving unanimous support in the Senate and only one negative vote in the House.   My colleague, Knox Proctor, was involved in the drafting of this much-anticipated legislation.  You can find your very own copy here.  Most of the provisions of the Act become effective on October 1, 2012.

You may rest assured that much ink will be spilled in the coming days analyzing the effect of this important legislation.