An original bill to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Christopher Dodd
Sponsor. Senator for Connecticut. Democrat.
111th Congress (2009–2010)
This bill was introduced in a previous session of Congress but was killed due to a failed vote for cloture, under a fast-track vote called "suspension", or while resolving differences on April 28, 2010.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
Position statements
What legislators are saying
“Inhofe rejects financial regulatory reform bill”
—
Sen. James “Jim” Inhofe [R-OK, 1994-2022]
on May 21, 2010
“Bipartisan Majority Passes Cornyn Amendment to Protect Americans from Bailing Out Irresponsible Foreign Governments”
—
Sen. John Cornyn [R-TX]
on May 21, 2010
“Senator Burr Statement on Financial Regulatory Reform Vote”
—
Sen. Richard Burr [R-NC, 2005-2022]
on Apr 27, 2010
History
Dec 11, 2009
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Alternative Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 4173 (111th), possibly in lieu of similar activity on S. 3217 (111th). |
Apr 15, 2010
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
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Apr 15, 2010
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.
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Apr 26, 2010
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Failed Cloture in the Senate
The Senate must often vote to end debate before voting on a bill, called a cloture vote. The vote on cloture failed. This is often considered a filibuster. The Senate may try again. |
Apr 28, 2010
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Failed Cloture in the Senate
The Senate must often vote to end debate before voting on a bill, called a cloture vote. The vote on cloture failed. This is often considered a filibuster. The Senate may try again. |
Apr 29, 2010
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Text Published
Updated bill text was published as of Amendment. |
May 20, 2010
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Alternative Bill —
Passed Senate with Changes (back to House)
This activity took place on a related bill, H.R. 4173 (111th), possibly in lieu of similar activity on S. 3217 (111th). |
Jun 30, 2010
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Alternative Bill —
Conference Report Agreed to by House (Senate next)
This activity took place on a related bill, H.R. 4173 (111th), possibly in lieu of similar activity on S. 3217 (111th). |
Jul 15, 2010
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Alternative Bill —
Conference Report Agreed to by Senate
This activity took place on a related bill, H.R. 4173 (111th), possibly in lieu of similar activity on S. 3217 (111th). |
Jul 21, 2010
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Alternative Bill —
Enacted — Signed by the President
This activity took place on a related bill, H.R. 4173 (111th), possibly in lieu of similar activity on S. 3217 (111th). |
S. 3217 (111th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number S. 3217. This is the one from the 111th Congress.
This bill was introduced in the 111th Congress, which met from Jan 6, 2009 to Dec 22, 2010. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“S. 3217 — 111th Congress: Restoring American Financial Stability Act of 2010.” www.GovTrack.us. 2010. March 29, 2024 <https://www.govtrack.us/congress/bills/111/s3217>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.