CLLA Newswire | From the CLLA Newswire
Share |

CLLA Update GAO Report on Financial Company Bankruptcies

Sharon Edmondson, Washington Legislative Team Member | April 14, 2015

As a follow up to a previous update, here is a copy of the GAO Report entitled, “Financial Company Bankruptcies: Information on Legislative Proposals and International Coordination”, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Action. The report addresses recent changes to the Bankruptcy Code. According to the report, HR 5421 and S 1861, two bills introduced in the 113th Congress would have expanded the powers of the Board of Governors of the Federal Reserve and would have imposed a temporary stay on financial derivatives. Neither of these bills has been reintroduced in the 114th Congress.

Go back


    Commercial Law League of America

    3005 Tollview Drive
    Rolling Meadows, IL 60008

    Phone: (312) 240-1400
    Fax: (847) 584-3939