Senate financial reform bill to create unified bank regulator

12 Nov 2009

The chair of the US Senate’s banking committee has published a draft bill on financial reform which differs in key respects from proposals by the House and the Treasury.

The bill, sponsored by Chris Dodd, would create a new financial industry regulatory authority, folding together the bank supervisory powers of the Federal Reserve, the Federal Deposit Insurance Corp, the Office of Thrift Supervision and the Office of the Comptroller of the Currency. A new, independent Agency for ...

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