Senate tosses out resolution fund in reform debates
The US Senate voted this week on key amendments to its financial regulation reform bill, striking down the proposed $50bn resolution fund but preserving the Consumer Financial Protection Bureau.
The pivotal amendment on resolution of systemically important firms was presented as a bipartisan agreement between Chris Dodd, chair of the Senate Banking Committee and sponsor of the Wall Street Reform Bill and Richard Shelby, his Republican
The amendment removes Dodds proposed fund and adds language designed
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