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Unwinding Too Big to Fail for Insurance

from PIA Western Alliance

It's onto the Senate for H.R. 4061. It's the Financial Stability Oversight Council Improvement Act of 2017. The House passed the bipartisan bill last week by a 297 to 121 vote. It's sponsored by Florida Republican Rep. Dennis Ross and Maryland Democrat Rep. John Delaney. Both men — and the majority of the House — believe the Dodd-Frank Act's policy on too-big-to-fail gave the Financial Stability Oversight Council (FSOC) too much power. more


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