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Senate Banking Committee Chairman Christopher Dodd (D., Conn.) is finalizing a bill to rework financial market rules that is expected to be tougher against banks than previously expected, people familiar with the matter said.
Though details of the bill could still change before it is introduced Monday, some details emerged Saturday as aides and White House officials conferred.
The biggest winner in the bill appears to be the Federal Reserve, which would see its powers expand considerably. Large financial companies, particularly big banks, could emerge as the biggest losers. They would face much higher scrutiny from bank supervisors and potentially face sanctions for violating consumer protection rules by an autonomous new division within the Fed
BILDERBERG MEETINGS
Stenungsund, Sweden
24-27May 2001
LIST OF PARTICIPANTS:
USA. Dodd, Christopher J. - Senator, Democratic Party, Connecticut; member, Council on Foreign Relations
The Bilderbergers
Christopher Dodd