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Committee advances FSOC SIFI ‘pause button’ legislation
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Financial Stability, Legislation
Tuesday, June 24, 2014
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The Republican-controlled U.S. House Financial Services Committee advanced two Financial Stability Oversight Council-related bills, including a measure that would place a one-year moratorium on future systemic designations under the Dodd-Frank Act. Democrats opposed the bills, although some did express concern over the council’s recent activities.
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