The House Judiciary Committee today passed a bill that would create new provisions in the federal bankruptcy code to wind down a failing large bank with more than $50 billion in assets. The bipartisan bill, which cleared the committee unanimously, is intended to provide a bankruptcy code-based alternative to the Dodd-Frank Act’s orderly liquidation process. A similar bill passed the House in the last Congress.
The House Judiciary Committee today passed a bill that would create new provisions in the federal bankruptcy code to wind down a failing large bank with more than $50 billion in assets.
House Panel Passes Bankruptcy Alternative for Large Banks
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