It is written (ghostwritten for) by Barney Frank and Chris Dodd. Why is this significant?
Barney Frank is the financial wizard who proudly proclaimed that there were no problems with Fannie Mae and Freddie Mac as they accumulated hundreds of billions of dollars worth of worthless mortgage securities. Not coincidentally, he was sleeping with a Fannie Mae executive at the time, but somehow chose not to recuse himself from discussions for that reason.
Chris Dodd is one of the foremost recipients of Countrywide Mortgage's "Quid Pro Quo" club, where Countrywide inexplicably gave sweetheart loans to Senators who voted their way in Congress--while of course all those subprime loans Dodd was encouraging (and taking) were setting the stage for the real estate bubble to pop.
With financial acumen like this leading the way, watch out.