The legislation changes the way Wall Street does business . The bill creates a new council of regulators , lead by the Treasury Department , that would set new standards for how much cash banks must keep on hand to prevent them from triggering a financial crisis . It requires banks to hold more capital and make it easier for them to raise money from investors, which will help prevent another financial crisis like what happened in 2008. The bill aims to strengthen consumer protection .
The legislation changes the way Wall Street does business . It requires banks to hold more capital and make it easier for them to raise money from investors, which will help prevent another financial crisis like what happened in 2008. The bill aims to strengthen consumer protection .