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But the House squabbled over two different regulatory plans, and ultimately neither passed.
In June 2010 the government published a white paper outlining its regulatory plans.
The topic did not come up during the three presidential debates, and the candidates have not provided detailed legislative or regulatory plans outlining their stances on the issue.
The mayor, Xu Zongheng, said that the local government had basically already worked out its regulatory plans, including internal government processes for dealing with the board, and that technical preparations had also been completed.
"At the same time, some of the tax and regulatory plans proposed by Labour need a rethink – to ensure these do not negatively affect enterprise and entrepreneurial aspiration," he said.
The latest regulatory plans include the idea that banks should be required to cut dividends if they start to run into trouble, and transfer assets and restructure capital and debt if their problems become more serious.
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And at long last, we have the Geithner regulatory plan.
Any new regulatory plan needs to deal with them in a sophisticated way.
In outlining its new position, the association gave qualified support to the National Association of Securities Dealers' regulatory plan.
With enough regulatory planning, they should be able to avoid the worst effects of liberalisation.
Administration officials have said their regulatory plan will create a broad role for the Fed as the lead risk regulator.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com