The disclosure and dissemination of mine safety information mandated by the Dodd-Frank Act improves safety performance, but also causes an overall decline in productivity according to a new paper released by the University of Chicago Booth School of Business.
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GE Capital urged the Financial Stability Oversight Council to rescind its designation as a nonbank Systemically Important Financial Institution due to its "complete transformation" into a "smaller, simpler and less interconnected" company.
The Financial Stability Oversight Council voted to rescind its determination that GE Capital Global Holdings, LLC is a systemically important financial institution subject to enhanced prudential standards and supervision by the Board of Governors of the Federal Reserve System.
Senator Sherrod Brown (D-OH) and Representative Maxine Waters (D-CA) asserted that the FSOC's rescission of the designation of General Electric Capital Corporation as a systemically important financial institution proves that "FSOC is working just as Wall Street Reform intended: to protect working Americans from once again bailing out 'too-big-to fail' institutions."
The Government Accountability Office examined Department of Commerce compliance of conflict minerals-related requirements under the Dodd-Frank Act.