From Sunlen Miller
President Obama will sign the Dodd-Frank Wall Street Reform and Consumer Protection Act into law late this morning at the Ronald Reagan Building in Washington, D.C.
When financial regulation was passed in the Senate last Thursday, Mr. Obama touted that the reform “puts in place the strongest consumer protections in history” and creates a new consumer watchdog to enforce those protections.
Similar to the time after signing health care into law, expect to see the president to go out and sell specific portions of this bill to the American people after he signs it into law today.
“You can expect to see the president, the vice president, the secretary of the Treasury, a wide-range of senior administration officials out there explaining whets in this legislation, it’s a big package, highlighting elements that are particularly important to Americans,” Neal Wolin, deputy treasury secretary, said Tuesday. “I think you should expect more of that as this legislation moves.”
In the afternoon, the president and the vice president will have a private lunch with House members in the Roosevelt Room.
Later in the afternoon, the president will receive a briefing on the BP Deepwater Horizon oil spill in the Situation Room.