Will Dodd-Frank End Up In Supreme Court?

Law360, New York (October 4, 2012, 3:11 PM EDT) -- In 2010, Congress passed and President Obama signed a significant piece of financial reform legislation, known as the Dodd-Frank Act. One component of the act was the creation of an orderly liquidation authority, which combines aspects of Federal Deposit Insurance Corporation receiverships with certain provisions of the Bankruptcy Code, to quickly address situations where the failure or potential failure of a financial institution poses a serious risk to the broader American economy.

On June 21, 2012, a Texas bank along with the Competitive Enterprise Institute and...
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