House Passes “The Financial Institutional Bankruptcy Act of 2014”

This week, the House of Representatives passed “The Financial Institutional Bankruptcy Act of 2014,” a bill allowing financial institutions, and in some cases, the Federal Reserve, to voluntarily begin the bankruptcy process. The bill, co-sponsored by Rep. Spencer Bachus (R-Ala.), House Judiciary Committee Chairman Bob Goodlatte (R-Va.), and Ranking Member John Conyers (D-Mich.), was passed […]