The Dodd-Frank Act Orderly Liquidation Authority: A Preliminary Analysis and Critique - Part I
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This is the first part of a two-part article that provides a preliminary analysis and critique of one of the key provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Orderly Liquidation Authority for nonbank financial companies. Part I discusses the background, theory and legislative history of the Orderly Liquidation Authority. Part II, which will appear in an upcoming issue, discusses the general terms and structure of, and recent rulemaking under, the Orderly Liquidation Authority.