Tackling 'Too Big To Fail'

Law360, New York (February 12, 2010, 1:44 PM EST) -- The passage of H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, by the U.S. House of Representatives in December 2009 has significantly enhanced the prospects for enactment of comprehensive financial reform legislation in 2010.

As passed, H.R. 4173 would make fundamental changes in the scope and nature of the financial regulatory system in the United States. Among the most important provisions in this wide-ranging bill are those that would create a new legal regime for “resolving” systemically significant financial companies.

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