Financial Industry Regulations, Federal Regulators

Oct 29, 2009

House Committee Financial Services

The House Financial Services Committee heard testimony on a bill to eliminate systemic risk and provide for prudential banking overhaul. The proposed legislation would give federal officials power to regulate, seize and dismantle large financial firms whose failure would pose a risk to the economy. Witnesses in a second panel spoke about a .. Read More

The House Financial Services Committee heard testimony on a bill to eliminate systemic risk and provide for prudential banking overhaul. The proposed legislation would give federal officials power to regulate, seize and dismantle large financial firms whose failure would pose a risk to the economy. Witnesses in a second panel spoke about a proposal for U.S. financial companies to prepay into a fund the government would use to unwind large failed firms.

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