Originally Posted by
Reroute
A BILL
To promote the financial stability of the United States by
improving accountability and transparency in the financial
system, to end ‘‘too big to fail’’, to protect the
American taxpayer by ending bailouts, to protect consumers
from abusive financial services practices, and for
other purposes.
TITLE II—ORDERLY LIQUIDATION AUTHORITY
Sec. 201. Definitions.
Sec. 202. Orderly Liquidation Authority Panel.
Sec. 203. Systemic risk determination.
Sec. 204. Orderly liquidation.
Sec. 205. Orderly liquidation of covered brokers and dealers.
Sec. 206. Mandatory terms and conditions for all orderly liquidation actions.
Sec. 207. Directors not liable for acquiescing in appointment of receiver.
Sec. 208. Dismissal and exclusion of other actions.
Sec. 209. Rulemaking; non-conflicting law.
Sec. 210. Powers and duties of the corporation.
Sec. 211. Miscellaneous provisions.
The devil is, as they say, in the details. The titles of modern legislation mean absolutely nothing.