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.
ABA urges passage of bills to overturn late fee rule, prohibit insurance data collection
ABA expressed support for three bills that appeared before the House Financial Services Committee during a markup hearing, including a...