In his June 23 comment in American Banker, Rep. John Boehner calls for support of financial law modernization based primarily on the need for action and the passage of HR 10 in the House by a one-vote margin.

The sum and substance of this flawed measure are not described, however. In short, a forceful argument is made on the need for reform, but a review of the contents of the bill makes clear that it is not such a measure.

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