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House committee approves Dodd-Frank busting deficit plan
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Banking, Financial Stability, Nonbank Financial
Monday, April 23, 2012
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The Republican-controlled House Financial Services Committee took aim at one of Dodd-Frank’s central provisions — the FDIC’s authority to wind down a systemically important financial institution should the firm become troubled. Deficit legislation approved by the committee on April 18 would also abolish the new Office of Financial Research and change the way the government funds the Consumer Financial Protection Bureau.
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