In other provisions we have analyzed in the Hensarling draft legislation, the chairman of the House Financial Services Committee has restructured the FSOC and CFPB in addition to altering the way stress would be handled so that only bankruptcy could apply to parent-company failure. Title IV of his bill tackles the SEC and CFTC, repealing and revising much of what Dodd-Frank did to U.S. securities and commodity regulation, as well as provisions affecting executive compensation, credit rating agencies, and private-equity funds.
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