At last, the US Congress has finalized the financial regulation bill for economic reform in US after a long debate. According to the US President Barack Obama, this new reform bill would help the economy of the country grow.

The legislators have negotiated for non-stop 19 hours meeting to develop the reform of the bill which had been passed the two houses of the US Congress concurrently.
 
The main outcome of the regulation bill was to impose strict limits on the ability of the banks to take risky bets on markets. Before the start of the G8 and G20 summits in Canada, the US President Obama had said that he was quite satisfied by the process and progress made by the US Congress over the reform bill issue.

The US Treasury Secretary Mr. Tim Geithner has said that the newly formed bill was very strong and the most sweeping set of financial reforms since the great recession. The US bank shares have greeted the news as the Citibank shares have gone up by 3% in the early trading with JP Morgan up by 2.25% and the Goldman Sachs bank up by 1.75%.