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On Friday, October 1, 2010, the federal "Financial Stability Oversight Council" ("FSOC" or "Council") convened for the first time. The FSOC, created by Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act" or the "Act"), is comprised of the heads of the federal financial regulatory agencies and two presidential appointees, and is tasked with establishing recommendations regarding certain of the regulations that the financial regulatory agencies are required to adopt under the Dodd-Frank Act. One of the purposes of this initial meeting was to approve the issuance of a Request for Public Input (the "Request") soliciting comment regarding certain definitions contained in, and the general content of, Section 619 of the Dodd-Frank Act, popularly known as the "Volcker Rule." Public comments are due by November 5, 2010.