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Friday, August 3, 2012

Bill to Amend Financial Stability Act Introduced to Senate Committee

Yesterday, Senator Vitter introduced to the Senate Committee on Banking, Housing, and Urban Affairs S. 3497, a bill to amend the Financial Stability Act of 2010 in order to repeal certain designation authority of the Financial Stability Oversight Council (FSOC) and the Payment, Clearing, and Settlement Supervision Act of 2010.

Senator Toomey also introduced a bill to the committee, cosponsored by Senator Carper, Senator McCaskill and Senator Moran. The bill, S. 3492, would provide for exemptions from municipal advisor registration requirements.

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