Dodd-Frank’s orderly liquidation provisions criticized on Capitol Hill

The Dodd-Frank Act gave regulators power to unwind troubled systemically important financial institutions in the hope that taxpayers will never again be required to bail out a too-big-to-fail firm. However, some lawmakers and experts argue that the act’s orderly liquidation provisions enshrine too-big-to-fail and have no hope of functioning as intended. The implications of Dodd-Frank’s orderly liquidation provisions were the topic of discussion during a recent U.S. House subcommittee hearing. Read on for the details.