A House Republican financial regulation plan unveiled last weekwould require congressional authorization for aid to troublednon-bank financial institutions such as American InternationalGroup, but would not disturb state insurance regulation.
Much of the GOP regulatory reform scheme would mirror thereforms expected to be unveiled by the Obama administration nextweek by creating a "market stability and capital adequacyboard."
The proposed board would have the authority to monitor theinteractions of various sectors of the financial system, andidentify risks "that could endanger the stability and soundness ofthe system."
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