Jeff Gordon and Mark Roe released a letter to chairs and ranking members of House and Senate Banking and Judiciary Committees on the Choice Act. In the letter the scholars analyze reasons why a bankruptcy structure should not be allowed to substitute for the Dodd-Frank Act’s regulator-driven “orderly liquidation authority.” The letter was joined by more than 100 other academics (including myself) whose work and teaching deal with bankruptcy and financial regulation.
Law Professors Write Letter on Orderly Liquidated Authority
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