The model for this, the committee noted, was established when Congress passed the Federal Deposit Insurance Corporation Improvement Act of 1991.
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But for the last decade banks have been required to meet similar internal-control standards under the Federal Deposit Insurance Corporation Improvement Act.
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The Dodd-Frank Act gives the Federal Deposit Insurance Corp. broad new powers to liquidate banks it thinks are insolvent.
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The Glass-Steagall Act of 1933 created the Federal Deposit Insurance Corp.
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