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House Passes Bill To Overhaul Systemic Risk Designations

Law360, Washington (December 1, 2016, 9:13 PM EST) -- The U.S. House of Representatives passed a bill Thursday aimed at the systemic risk designations of financial institutions in the Dodd-Frank Financial Reform Act, in the face of a White House veto threat.

House members who supported the Systemic Risk Designation Improvement Act of 2016 said it would help designate key financial institutions as systemic risks to the economy based on an analysis of the risk rather than a flat $50 billion asset threshold. Meanwhile, the White House threatened to veto the measure, saying it would...
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