House panel wants records on FSOC's role in rule making

07/15/2013 | Bloomberg

The House Government Oversight and Reform Committee wants to know how much influence the Financial Stability Oversight Council has exerted on rule making by five financial regulators. Specifically, congressional investigators suspect the FSOC has overstepped its authority by meddling with the Securities and Exchange Commission's proposal on money market funds. The House panel is seeking relevant records.

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