S 3217. (Overhaul of financial regulations) Sessions of Alabama amendment that would prohibit the Federal Reserve from using its emergency authority to fund insolvent entities, thereby forcing those firms to enter bankruptcy proceedings/On agreeing to the amendment
senate Roll Call 148
May 13, 2010
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This vote was on an amendment by Jeff Sessions, R-Fla., that would have prohibited the Federal Reserve from using its emergency authority to fund insolvent entities, thereby forcing those firms to enter bankruptcy proceedings. The amendment was offered to a bill that aims to close gaps in financial regulations, strengthen oversight of consumer lending and more closely oversee complex financial investments. |
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