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House Financial Services Committee signs off (49-14) on legislation aimed at ratings agencies,...

Oct. 28, 2009 10:15 AM ETBy: Eli Hoffmann, SA News Editor2 Comments
House Financial Services Committee signs off (49-14) on legislation aimed at ratings agencies, including barring them from consulting for companies they're also rating, and requiring raters to have outsiders on their boards. The bill also enables investors to sue firms for failing to carry out their duties.

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