Nestled near the end of the Wall Street Reform Act is two and half pages of text that aim to bring much needed transparency to the oil industry. What impact will this law have? Uganda could provide a first test case.
If you use a cell phone or computer, you're probably connected to the long-standing conflict in Eastern Congo. But this week, the President will sign into law the Financial Reform Bill, which contains a Congo-minerals related provision.
"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."
There are a lot of victories in this bill. We need to pass those victories into law. If the bill is defeated by pro-Wall Street forces over the next two weeks, the only parts which will be defeated are the victories.