WASHINGTON — Seeking to win Republican votes for regulatory reform legislation, Senate Banking Committee Chairman Chris Dodd and other Democrats suggested Monday that they are open to eliminating a proposed $50 billion resolution fund for systemically important institutions.
Republican leaders have used the provision, which the Treasury Department also opposes, as one of the chief arguments for how the bill would allow more taxpayer-funded bailouts.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access