House Offers Deal On Fund For Winding Down Cos.

Law360, New York (June 23, 2010, 7:38 PM EDT) -- Members of the U.S. House of Representatives and Senate on Wednesday moved closer to deals on some of the most controversial provisions of financial regulatory reform, including a fund to pay for winding down failing firms and new rules on banks' proprietary trading.

House negotiators said they had agreed to drop one of the most hotly debated technicalities in H.R. 4173, the Wall Street Reform and Consumer Protection Act, which would have required financial institutions to pay into an upfront $150 billion fund to pay for...
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