A、Set market rules and implement actual laws. B、Protect the financial interests. C、Improve the efficiency of the macro-control p

On Wednesday, President Obama signed into law the Wall Street Reform and Consumer Protection Act. Together, the changes represent the biggest rewrite of financial rules since the Great Depression. At the heart of the 2 003 pages in the bill are promises to protect average Americans. (32)Congress agreed to create a Consumer Financial Protection Bureau. But the Federal Reserve will pay for it. The central bank will budget about 500 million dollars a year. Travis Plunkett is legislative director of the Consumer Federation of America, a consumer rights group. He says this new independent office will have a lot of responsibility—and that is a good thing. (33)The bureau will set rules for the marketplace and enforce existing laws. One goal is to keep home buyers from getting bigger loans than they can pay for. But two areas where the bureau will not have power is over auto lenders or banks with assets of less than ten billion dollars. (34) Financial interests spent millions fighting the bill. The House of Representatives passed its version in December. Last week, the Senate voted final approval with the aid of three Republican senators. Under the new law, banks can no longer own or invest in certain trading operations. (35) The government has new powers to seize failing financial companies. These include businesses that, during the financial crisis, were considered "too big to fail." Opponents in Congress say they will try to block some measures in the new law. But even if those efforts fail, it is too soon to know just how strong the new rules will be.
32. Who will pay for the funds for Consumer Financial Protection Bureau?
33. What is the role of the bureau according to the passage?
34. What is the attitude of financial interests toward the financial reform bill?
35. What are the new powers of the government according to the new law?