11/5/2009

Senate Banking Committee Chairman Christopher Dodd plans to introduce a bill that would create a single agency to supervise banks and bank-holding companies, sources familiar with the matter said. The bill would remove all such powers from the Federal Reserve and Federal Deposit Insurance Corp. The bill will put Dodd at odds with the Barack Obama administration and the House of Representatives, both of which are proposing different approaches that include the Fed and the FDIC.

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