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Email The comprehensive financial reform bill recently passed by the Senate1 creates a new “orderly liquidation authority” (“OLA”) that would allow the Federal Deposit Insurance Corporation (“FDIC”) to seize control of a financial company whose imminent collapse is determined to threaten the financial system as a whole. This measure — which awaits reconciliation with a similar bill passed by the House of Representatives late last year — represents Congress’ attempt to address companies considered “too big to fail.” https://www.cadwalader.com/resources/clients-friends-memos/us-senate-bill-creates-new-regime-for-orderly-liquidation-of-financial-companies-that-present-systemic-risk